DENVER, July 10, 2018 (GLOBE NEWSWIRE) — DCP Midstream, LP (NYSE:DCP) (the “Partnership”) announced today that its wholly owned subsidiary, DCP Midstream Operating, LP (the “Operating Partnership”), has commenced a public offering of $500 million aggregate principal amount of its senior notes due 2025, which will be fully and unconditionally guaranteed by the Partnership.
The Operating Partnership intends to use the net proceeds from this offering to redeem all of its outstanding 9.75% senior notes due March 15, 2019 (the “2019 Notes”), and for general partnership purposes, including the funding of capital expenditures.
J.P. Morgan Securities LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc., SunTrust Robinson Humphrey, Inc. and TD Securities (USA) LLC are acting as joint book-running managers for the offering.
The senior notes are being offered and will be sold pursuant to an effective shelf registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission (the “SEC”). This offering is being made only by means of a prospectus and related prospectus supplement.
Before you invest, you should read the preliminary prospectus supplement and accompanying base prospectus in the registration statement for more complete information about this offering. When available, copies of these documents may be obtained from any of the underwriters by contacting: J.P. Morgan Securities LLC c/o Broadridge Financial Solutions by mail at 1155 Long Island Avenue, Edgewood, NY, 11717, or by phone at (866) 803-9204; Barclays Capital Inc. c/o Broadridge Financial Solutions by mail at 1155 Long Island Avenue, Edgewood, NY, 11717, by phone at (888) 603-5847 (toll free), or by email at firstname.lastname@example.org; Citigroup Global Markets Inc. c/o Broadridge Financial Solutions by mail at 1155 Long Island Avenue, Edgewood, NY, 11717, or by email at email@example.com; Mizuho Securities USA LLC by mail at 320 Park Avenue, 12th Floor, New York, NY, 10022 Attn: Debt Capital Markets, or by phone at (866) 271-7403; MUFG Securities Americas Inc. by mail at 1221 Avenue of the Americas, 6th Floor, New York, NY, 10020 Attn: Capital Markets Group, or by phone at (877) 649-6848; SunTrust Robinson Humphrey, Inc. by mail at 303 Peachtree Street, NE, Atlanta, GA, 30308 Attn: Prospectus Department, by phone at (800) 685-4786, or by email at STRHdocs@SunTrust.com; or TD Securities (USA) LLC by mail at 31 West 52nd Street, 2nd Floor, New York, NY, 10019 Attn: Debt Capital Markets Syndicate, or by phone at (855) 495-9846.
You may also obtain these documents free of charge by visiting the SEC’s website at www.sec.gov.