Enable Midstream Partners LP
Enable Midstream Partners LP has priced an offering of $550 million aggregate principal amount of 4.150% senior notes due 2029 at a price to the public of 99.821% of their face value. Enable expects the offering to close on September 13, 2019, subject to the satisfaction of customary closing conditions.
Enable intends to use the net proceeds from the offering to fund the repayment at maturity of Enable Oklahoma Interstate Transmission LLC’s $250 million aggregate principal amount of 6.25% senior notes due March 2020, to repay $200 million of outstanding borrowings under Enable’s 2019 term loan agreement and to repay amounts outstanding under Enable’s commercial paper program.