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Dominion Midstream to sell $150M of common units through bank syndicate

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Dominion Midstream to sell $150M of common units through bank syndicate

and its general partner struck a deal with a syndicate of banks to sell up to$150 million of the partnership's common units from time to time.

The banks,which would act as sales agents for Dominion Midstream, are RBC Capital MarketsLLC, Barclays Capital Inc., J.P. Morgan Securities LLC, Mizuho Securities USAInc., Merrill Lynch Pierce Fenner & Smith Inc., BNP Paribas SecuritiesCorp., Citigroup Global Markets Inc., Scotia Capital (USA) Inc. and UBSSecurities LLC, according to a Form 8-K filed July 11.

The netproceeds from any sale would be used for general partnership purposes,including debt repayment, acquisitions, CapEx and additions to working capital.