OKLAHOMA CITY--(BUSINESS WIRE)--Enable Midstream Partners, LP (NYSE:ENBL) announced today that it has closed the previously announced private placement with CenterPoint Energy, Inc. (NYSE: CNP) under which CenterPoint Energy purchased $363 million of 10% Series A Fixed-to-Floating Non-Cumulative Redeemable Perpetual Preferred Units at a price of $25.00 per unit.
In connection with the private placement, Enable redeemed $363 million of notes scheduled to mature in 2017 payable to a subsidiary of CenterPoint Energy Resources Corp.
ABOUT ENABLE MIDSTREAM PARTNERS
Enable owns, operates and develops strategically located natural gas and crude oil infrastructure assets. Enable’s assets include approximately 12,300 miles of gathering pipelines, 13 major processing plants with approximately 2.3 billion cubic feet per day of processing capacity, approximately 7,900 miles of interstate pipelines (including Southeast Supply Header, LLC of which Enable owns 50 percent), approximately 2,200 miles of intrastate pipelines and eight storage facilities comprising 87.5 billion cubic feet of storage capacity. For more information, visit EnableMidstream.com.
The securities offered in the private placement have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements of the Securities Act and applicable state laws.
This press release is neither an offer to sell nor a solicitation of an offer to purchase the securities described herein.