trending Market Intelligence /marketintelligence/en/news-insights/trending/c_ZIB2sesZgGF1RuP2_Dwg2 content esgSubNav
In This List

DCP Midstream subsidiary prices, upsizes senior note offering

Blog

Insight Weekly: Banks' efficiency push; vacuuming carbon; Big Pharma diversity goals

Blog

Smart thermostats gain traction in US, point to modest electricity savings

Blog

The Future of Risk Management Digitization in Credit Risk Management

Blog

Insight Weekly: Banks pursue deals; offshore wind transmission; UK broadcasters vs. streamers


DCP Midstream subsidiary prices, upsizes senior note offering

DCP Midstream LP subsidiary DCP Midstream Operating LP priced its upsized offering of $325 million of 5.375% senior notes due 2025 at 100.75% of par, plus accrued interest from Jan. 15.

DCP's operating unit issued the offering as an addition to $500 million of the same series of notes issued July 17, 2018. DCP Midstream Operating intends to use proceeds from the offering for general partnership purposes, which includes capital expenditure funding and revolver debt repayment, according to a Jan. 16 news release.

Mizuho Securities USA LLC, Barclays Capital Inc., SunTrust Robinson Humphrey Inc., Citigroup Global Markets Inc., MUFG Securities Americas Inc. and TD Securities (USA) LLC are joint book-running managers for the offering, which is expected to close Jan. 18. PNC Capital Markets LLC; SMBC Nikko Securities America Inc.; U.S. Bancorp Investments Inc.; and BB&T Capital Markets, a division of BB&T Securities LLC, are acting co-managers.