Enable Midstream plans to repay 2019 term loan borrowings with notes

Chicago, Sept. 4 – Enable Midstream Partners, LP expects to repay borrowings under the 2019 term loan agreement with a new offering of fixed-rate senior notes, according to a 424B5 filed with the Securities and Exchange Commission.

Proceeds will also be used to fund the repayment of Enable Oklahoma Interstate Transmission, LLC’s $250 million 6.25% senior notes due March 2020 and to repay amounts outstanding under the company’s commercial paper program.

Enable is a Houston-based owner and operator of oil and gas infrastructure for gathering, processing, transportation and storage.

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