Shell Midstream Partners LP - 2016-03-23
Description
Priced public offering of 11 million common units representing limited partner interests at $31.75 each. Underwriter received a month-long option to purchase about 1.6 million additional units. Net proceeds from this offering and from Shell Midstream’s general partner's proportionate capital contribution will repay outstanding borrowings under Shell Midstream’s revolving credit facilities and support general partnership purposes including working capital, capex or acquisitions. Barclays is the sole book-running manager.