DCP Midstream LP


Has priced an underwritten public offering of 4 million of its 7.95% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units at a price of $25 per unit. DCP also granted the underwriters a 30-day option to purchase up to 600,000 additional Series C Preferred Units.

DCP expects to receive net proceeds from the offering of approximately $96.1 million after deducting underwriting discounts and estimated offering expenses, and intends to use the net proceeds, including the proceeds from any exercise of the over-allotment option, for general partnership purposes, including the funding of capex and the repayment of outstanding indebtedness under its revolving credit facility.

Click here to go back to the search page
Estimated Price
Financing Type
Report Date