HOUSTON and PITTSBURGH, Sept. 24,
2014 /PRNewswire/ -- Noble Energy, Inc. (NYSE: NBL), CONSOL
Energy Inc. (NYSE: CNX) and CONE Midstream Partners LP, a
Delaware limited partnership
("CONE Midstream Partners") formed by CONSOL and Noble Energy,
announced today that CONE Midstream Partners has priced its initial
public offering of 17,500,000 common units representing limited
partner interests at a price to the public of $22.00 per common unit. The common units are
scheduled to begin trading on the New York Stock Exchange on
September 25, 2014 under the ticker
symbol "CNNX." The underwriters of the offering have a 30-day
option to purchase up to an additional 2,625,000 common units to
cover over-allotments, if any.
At the conclusion of the offering, the public will own 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
|
BofA Merrill
Lynch
|
Citigroup
|
c/o Equity Syndicate
Department
|
222 Broadway, New
York, NY
|
c/o Broadridge
Financial Solutions
|
375 Park
Avenue
|
10038
|
1155 Long Island
Avenue
|
New York, NY
10152
|
Attn: Prospectus
Department
|
Edgewood, NY
11717
|
cmclientsupport@wellsfargo.com
|
email:
|
prospectus@citi.com
|
Toll-Free:
1-800-326-5897
|
dg.prospectus_requests@baml.com
|
Toll-Free:
1-800-831-9146
|
|
|
|
J.P.
Morgan
|
Baird
|
Barclays
|
c/o Broadridge
Financial
|
Attention: Syndicate
Department
|
c/o Broadridge
Financial Solutions
|
Solutions
|
777 East Wisconsin
Avenue
|
1155 Long Island
Avenue,
|
1155 Long Island Avenue
|
Milwaukee, WI
53202-5391
|
Edgewood, NY,
11717
|
Edgewood, New York, 11717
|
Telephone: (800)
792-2473
|
Telephone: (888)
603-5847
|
Telephone: (866)
803-9204
|
Email:
syndicate@rwbaird.com
|
Email:
|
|
|
barclaysprospectus@broadridge.com
|
|
|
|
Deutsche Bank
Securities
|
Goldman, Sachs &
Co.
|
Morgan
Stanley
|
Attention: Prospectus
Group
|
Attn: Prospectus
Department
|
Attn: Prospectus
Department
|
60 Wall
Street
|
200 West
Street
|
180 Varick Street,
2nd Floor
|
New York, NY
10005
|
New York, NY
10282
|
New York, NY
10014
|
Telephone: (800)
503-4611
|
Telephone: (866)
471-2526
|
|
Email:
prospectus.CPDG@db.com
|
Email:
prospectus-ny@ny.email.gs.com
|
|
|
|
|
|
|
|
|
Credit
Suisse
|
RBC Capital
Markets
|
|
Attn: Prospectus
Department
|
Attn: Equity
Syndicate
|
|
One Madison
Avenue
|
Three World Financial
Center
|
|
New York, NY
10010
|
200 Vesey St.,
8th Floor
|
|
Telephone: (800)
221-1037
|
New York, NY
10281-8089
|
|
Email:
|
Phone: (877)
822-4089
|
|
newyork.prospectus@credit-suisse.com
|
Email:
equityprospectus@rbccm.com
|
|
|
A registration statement relating to these securities has been
filed with and declared effective by the Securities and Exchange
Commission ("SEC"). 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