Noble Midstream Announces Private Placement of Common Units
November 15 2019 - 7:05AM
Business Wire
Noble Midstream Partners LP (NYSE: NBLX) (“Noble
Midstream” or the “Partnership”) today announced that it has priced
a private placement of 12,077,295 common units representing limited
partner interests of the Partnership for gross proceeds of
approximately $250 million. Noble Midstream expects to use the
proceeds from the private placement to fund a portion of the cash
consideration for the acquisition of additional interests in Blanco
River DevCo LP, Green River DevCo LP, San Juan River DevCo LP and
all of the issued and outstanding limited liability company
interests of NBL Midstream Holdings LLC. The private placement is
expected to close November 21, 2019, and is subject to customary
closing conditions.
Citigroup and BofA Securities acted as joint placement agents
for the private placement of common units.
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 the registration requirements of the
Securities Act and applicable state securities laws. This press
release does not constitute an offer to sell or the solicitation of
an offer to buy the securities described herein.
About Noble Midstream Partners
Noble Midstream is a growth-oriented master limited partnership
formed by Noble Energy, to own, operate, develop and acquire
domestic midstream infrastructure assets. Noble Midstream currently
provides crude oil, natural gas, and water-related midstream
services in the DJ Basin in Colorado and the Delaware Basin in
Texas. For more information, please visit www.nblmidstream.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20191115005078/en/
Tom Christensen Chief Financial Officer (832) 639-7524
tom.christensen@nblmidstream.com
Noble Midstream Partners (NYSE:NBLX)
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