Filed pursuant to Rule 433
Issuer Free Writing Prospectus dated July 11, 2016
Relating to Preliminary Prospectus Supplement dated July 11, 2016
Registration Statement No. 333-194465
ENLINK MIDSTREAM PARTNERS, LP
4.850% SENIOR NOTES DUE 2026
Pricing Term Sheet
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Issuer: |
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EnLink Midstream Partners, LP |
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Security Type: |
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Senior Unsecured Notes |
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Pricing Date: |
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July 11, 2016 |
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Settlement Date: |
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July 14, 2016 (T+3) |
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Net Proceeds (Before Expenses): |
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$496,045,000 |
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Principal Amount: |
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$500,000,000 |
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Maturity Date: |
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July 15, 2026 |
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Benchmark Treasury: |
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1.625% due May 15, 2026 |
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Benchmark Price and Yield: |
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101-28+; 1.418% |
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Spread to Benchmark: |
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+345 bps |
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Yield to Maturity: |
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4.868% |
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Coupon: |
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4.850% |
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Public Offering Price: |
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99.859% |
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Optional Redemption: |
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Make-Whole Call: |
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T + 50 bps prior to April 15, 2026 |
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Call at Par: |
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On or after April 15, 2026 |
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Interest Payment Dates: |
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January 15 and July 15, beginning January 15, 2017 |
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CUSIP / ISIN: |
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29336U AF4 / US29336UAF49 |
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Ratings*: |
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Ba2 (Moody’s) |
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Joint Book-Running Managers: |
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J.P. Morgan Securities LLC Incorporated |
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SunTrust Robinson Humphrey, Inc. |
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Co-Managers |
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Comerica Securities, Inc. |
*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be revised or withdrawn at any time.
The issuer has filed a registration statement (including a base prospectus and a prospectus supplement) with the U.S. Securities and Exchange Commission, or the SEC, for the offering to which this communication relates. Before you invest, you should read the prospectus supplement for this offering, the base prospectus in that registration statement and any other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by searching the SEC’s online database (EDGAR) on the SEC web site at http://www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the base prospectus and prospectus supplement if you request them by contacting J.P. Morgan Securities LLC at 1-212-834-4533, Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322 or SunTrust Robinson Humphrey, Inc. at 1-800-685-4786.
Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system.