HOUSTON and PITTSBURGH, Sept. 17,
2014 /PRNewswire/ -- CONE Midstream Partners LP, a
Delaware limited partnership
("CONE Midstream Partners") formed by CONSOL Energy Inc. (NYSE:
CNX) and Noble Energy, Inc. (NYSE: NBL), announced today that it
has launched its initial public offering of 17,500,000 common units
representing limited partner interests. The common units are
expected to trade on the New York Stock Exchange under the ticker
symbol "CNNX." The underwriters of the offering will have a
30-day option to purchase up to an additional 2,625,000 common
units to cover over-allotments, if any.
The common units being offered in the offering represent a 29.4%
limited partner interest in CONE Midstream Partners (or a 33.8%
limited partner interest if the underwriters exercise in full their
option to purchase additional common units). Each of CONSOL
and Noble Energy will own a 34.3% limited partner interest in CONE
Midstream Partners (or a 32.1% limited partner interest if the
underwriters exercise in full their option to purchase additional
common units). In addition, CONSOL and Noble Energy will own,
through their Marcellus Shale midstream joint venture, CONE
Gathering LLC, a 2% general partner interest and the incentive
distribution rights in CONE Midstream Partners.
Wells Fargo Securities, BofA Merrill Lynch, Citigroup, J.P.
Morgan, Baird, Barclays, Deutsche Bank Securities,
Goldman, Sachs & Co., Morgan Stanley, Credit Suisse and RBC
Capital Markets are acting as book-running managers of the
offering. MUFG, PNC Capital Markets LLC, BB&T Capital
Markets, BBVA, BNP PARIBAS, DNB Markets, Mizuho Securities and TD
Securities are acting as co-managers of the offering. The
offering of common units is being made only by means of a written
prospectus. Once it becomes available, potential investors
can obtain a written prospectus that meets the requirements of
Section 10 of the Securities Act of 1933 from:
Wells Fargo
Securities
c/o Equity Syndicate
Department
375 Park
Avenue
New York, NY
10152
cmclientsupport@wellsfargo.com
Toll-Free:
1-800-326-5897
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BofA Merrill
Lynch
222 Broadway, New
York, NY 10038
Attn: Prospectus
Department
email:
dg.prospectus_requests@baml.com
|
Citigroup
c/o Broadridge
Financial Solutions
1155 Long Island
Avenue
Edgewood, NY
11717
prospectus@citi.com
Toll-Free:
1-800-831-9146
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J.P.
Morgan
c/o Broadridge
Financial Solutions
1155 Long Island
Avenue
Edgewood, New York,
11717
Telephone: (866)
803-9204
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Baird
Attention: Syndicate
Department
777 East Wisconsin
Avenue
Milwaukee, WI
53202-5391
Telephone: (800)
792-2473
Email:
syndicate@rwbaird.com
|
Barclays
c/o Broadridge
Financial Solutions
1155 Long Island
Avenue,
Edgewood, NY,
11717
Telephone:
(888) 603-5847
Email:
barclaysprospectus@broadridge.com
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Deutsche Bank
Securities
Attention: Prospectus
Group
60 Wall
Street
New York, NY
10005
Telephone: (800)
503-4611
Email:
prospectus.CPDG@db.com
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Goldman, Sachs &
Co.
Attn: Prospectus
Department
200 West
Street
New York, NY
10282
Telephone: (866)
471-2526
Email:
prospectus-ny@ny.email.gs.com
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Morgan
Stanley
Attn: Prospectus
Department
180 Varick Street,
2nd Floor
New York, NY
10014
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Credit
Suisse
Attn: Prospectus
Department
One Madison
Avenue
New York, NY
10010
Telephone: (800)
221-1037
Email:
newyork.prospectus@credit-suisse.com
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RBC Capital
Markets
Attn: Equity
Syndicate
Three World Financial
Center
200 Vesey St.,
8th Floor
New York, NY
10281-8089
Phone: (877)
822-4089
Email:
equityprospectus@rbccm.com
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A registration statement relating to these securities has been
filed with the Securities and Exchange Commission ("SEC"), but has
not yet become effective. These securities may not be sold
nor may offers to buy be accepted prior to the time the
registration statement becomes effective. This press release
shall not constitute an offer to sell or the solicitation of an
offer to buy the securities, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or
jurisdiction.
When available, to obtain a copy of the prospectus free of
charge, visit the SEC's website, www.sec.gov, and search
under the registrant's name, "CONE Midstream Partners LP."
About CONE Midstream Partners
CONE Midstream Partners is a growth-oriented master limited
partnership recently formed by CONSOL and Noble Energy, whom we
refer to as our Sponsors, to own, operate, develop and acquire
natural gas gathering and other midstream energy assets to service
our Sponsors' rapidly growing production in the Marcellus Shale in
Pennsylvania and West
Virginia. Our initial assets include natural gas gathering
pipelines and compression and dehydration facilities, as well as
condensate gathering, collection, separation and stabilization
facilities.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. Statements that
are predictive in nature, that depend upon or refer to future
events or conditions or that include the words "believe," "expect,"
"anticipate," "intend," "estimate" and other expressions that are
predictions of or indicate future events and trends and that do not
relate to historical matters identify forward-looking
statements. Forward-looking statements are not guarantees of
future performance and involve certain risks, uncertainties and
assumptions that are difficult to predict, and there can be no
assurance that actual outcomes and results will not differ
materially from those expected by our management. These
forward-looking statements involve certain risks and uncertainties,
including, among others, that our business plans may change as
circumstances warrant, our common units may not begin trading on
the New York Stock Exchange as expected and the offering may not
close as expected. For more information concerning factors
that could cause actual results to differ materially from those
conveyed in the forward-looking statements, please refer to the
"Risk Factors" section of the prospectus included in the
registration statement on Form S-1, in the form last filed with the
SEC. We undertake no obligation to publicly update or revise
any forward-looking statement, whether as a result of new
information, future events, changed circumstances or otherwise,
unless required by law.
SOURCE Noble Energy