By Andrea Heisinger
New York, Nov. 10 - Enogex, LLC priced $250 million of 6.25% senior notes due March 15, 2020 on Tuesday to yield Treasuries plus 287.5 basis points, an informed source said.
The deal was done via Rule 144A.
The notes (Baa3/BBB+/BBB) priced at 99.18 to yield 6.361%. They have a make-whole call at Treasuries plus 45 bps.
J.P. Morgan Securities Inc., Mitsubishi UFJ Securities and Wells Fargo Securities were the bookrunners.
The midstream natural gas pipeline subsidiary of OGE Energy Corp. is based in Oklahoma City.
| Issuer: | Enogex, LLC
|
| Issue: | Senior notes
|
| Amount: | $250 million
|
| Maturity: | March 15, 2020
|
| Bookrunners: | J.P. Morgan Securities Inc., Mitsubishi UFJ Securities, Wells Fargo Securities
|
| Coupon: | 6.25%
|
| Price: | 99.18
|
| Yield: | 6.361%
|
| Spread: | Treasuries plus 287.5 bps
|
| Call: | Make-whole at Treasuries plus 45 bps
|
| Distribution: | Rule 144A
|
| Trade date: | Nov. 10
|
| Settlement date: | Nov. 16
|
| Ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB+
|
| Fitch: BBB
|
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