RICHMOND, Va., Oct. 6, 2014 /PRNewswire/ -- Dominion
Midstream Partners, LP (Dominion Midstream), a Delaware limited partnership and a subsidiary
of Dominion Resources, Inc. (Dominion) (NYSE: D), has launched its
initial public offering of 17,500,000 common units representing
limited partner interests pursuant to a Registration Statement on
Form S-1 previously filed with the U.S. Securities and Exchange
Commission (SEC). Dominion Midstream also expects to grant the
underwriters a 30-day option to purchase up to an additional
2,625,000 common units at the initial public offering price.
Dominion Midstream has been approved to list its common units on
the New York Stock Exchange under the ticker symbol "DM," subject
to official notice of issuance.
The common units being offered represent a 27.4 percent limited
partner interest in Dominion Midstream, or a 31.5 percent limited
partner interest if the underwriters exercise in full their option
to purchase additional common units. Dominion, through certain of
its subsidiaries, will own the remaining 72.6 percent limited
partner interest in Dominion Midstream, or 68.5 percent if the
underwriters exercise in full their option to purchase additional
common units, as well as the general partner of Dominion Midstream,
which entity is the holder of all of Dominion Midstream's incentive
distribution rights.
Barclays, Citigroup, J.P. Morgan, BofA Merrill Lynch, Goldman,
Sachs & Co., UBS Investment Bank and Morgan Stanley are acting
as joint book-running managers for the offering. RBC Capital
Markets and Scotiabank / Howard Weil
are acting as co-managers for the offering. The offering is being
made only by means of a written prospectus. Once it becomes
available, potential investors can obtain a prospectus that meets
the requirements of Section 10 of the Securities Act of 1933
from:
Barclays
Attn: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Email: barclaysprospectus@broadridge.com
Telephone: (888) 603-5847
Citigroup
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Email: batprospectusdept@citi.com
Telephone: (800) 831-9146
J.P. Morgan
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: (866) 803-9204
The registration statement and, when available, the prospectus
may be obtained free of charge, at the SEC's website, www.sec.gov,
under the registrant's name, "Dominion Midstream Partners, LP."
A registration statement relating to these securities has been
filed with the 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 news
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.
About Dominion Midstream
Dominion Midstream is a
growth-oriented Delaware limited
partnership formed on March 11, 2014,
by Dominion to initially own all of the outstanding preferred
equity interests in Dominion Cove Point LNG, LP, a Delaware limited partnership, which owns
liquefied natural gas import, storage, regasification and
transportation assets.
This release contains certain forward-looking statements that
are based on current plans and expectations and are subject to
various risks and uncertainties. Our business and any offering may
be influenced by many factors that are difficult to predict,
involve uncertainties that may materially affect actual results and
are often beyond our ability to control. These factors include, but
are not limited to, changes to business plans as circumstances
warrant, general market conditions or other factors. For a full
discussion of these risks and uncertainties, please refer to the
"Risk Factors" section of the Registration Statement on Form S-1
filed and the information included in subsequent filings made with
the SEC. We refer you to those discussions for further
information.
SOURCE Dominion Midstream Partners, LP