RICHMOND, Va., Oct. 20, 2014 /PRNewswire/ -- Dominion Midstream
Partners, LP (Dominion Midstream), a Delaware limited partnership and a subsidiary
of Dominion Resources, Inc. (Dominion) (NYSE: D), today announced
the closing of its initial public offering of 20,125,000 common
units representing limited partner interests in Dominion Midstream
at $21.00 per common unit pursuant to
a Registration Statement on Form S-1 previously filed with the U.S.
Securities and Exchange Commission (SEC). The common units issued
at closing included 2,625,000 common units that were issued
pursuant to the full exercise of the underwriters' option to
purchase additional common units at the initial public offering
price. The common units began trading on the New York Stock
Exchange on Oct. 15, 2014, under the
ticker symbol "DM."
Thomas F. Farrell II, chairman,
president and chief executive officer of Dominion, said, "We are
happy with the market's response to our offering despite a
difficult market environment, and we welcome our new
investors."
The common units represent a 31.5 percent limited partner
interest in Dominion Midstream, with Dominion, through certain of
its subsidiaries, owning the remaining 68.5 percent limited partner
interest in Dominion Midstream, and 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 acted as
joint book-running managers for the offering. RBC Capital Markets
and Scotiabank / Howard Weil acted
as co-managers for the offering.
The offering of these securities was made only by means of a
written prospectus meeting the requirements of Section 10 of the
Securities Act of 1933, as amended. A copy of the final prospectus
may be obtained from:
Barclays
|
Citigroup
|
Attn: Broadridge
Financial Solutions
|
c/o Broadridge
Financial Solutions
|
1155 Long Island
Avenue
|
1155 Long Island
Avenue
|
Edgewood, New York
11717
|
Edgewood, New York
11717
|
E-mail:
barclaysprospectus@broadridge.com
|
E-mail:
batprospectusdept@citi.com
|
Telephone: (888)
603-5847
|
Telephone: (800)
831-9146
|
|
|
J.P.
Morgan
|
|
c/o Broadridge
Financial Solutions
|
|
1155 Long Island
Avenue
|
|
Edgewood, New York
11717
|
|
Telephone: (866)
803-9204
|
|
The registration statement and the final prospectus may be
obtained free of charge at the SEC's website, www.sec.gov, under
the registrant's name "Dominion Midstream Partners, LP."
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. It is headquartered in Richmond, Va. For more information about
Dominion Midstream, visit its website at www.dommidstream.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/dominion-midstream-partners-closes-initial-public-offering-170319538.html
SOURCE Dominion Midstream Partners