EnLink Midstream Announces Redemption of Its 6.000% Series C Preferred Units

Core Viewpoint - EnLink Midstream's subsidiary, EnLink Midstream Partners, LP, has announced the optional redemption of its 6.000% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units, with a redemption price of $1,008.28 per unit, to be funded through borrowings under its revolving credit facility [1][2]. Group 1: Redemption Details - The redemption notice for the Series C Preferred Units is being sent to all holders by Equiniti Trust Company, LLC, the paying agent [2]. - The redemption date is set for September 17, 2024, and the redemption price includes accumulated and unpaid distributions up to, but not including, the redemption date [1]. Group 2: Company Overview - EnLink Midstream, headquartered in Dallas, provides integrated midstream infrastructure services for natural gas, crude oil, NGLs, and CO2 transportation for carbon capture and sequestration [3]. - The company operates large-scale, cash-flow-generating asset platforms located in key production basins and demand centers, including the Permian Basin, Louisiana, Oklahoma, and North Texas [3]. - EnLink is focused on maintaining financial flexibility and operational excellence to support strategic growth and sustainable value creation [3].