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Shell Midstream Partners, L.P. launches initial public offering

Shell Midstream Partners, L.P., a limited partnership formed by Royal Dutch Shell, announced today that it has launched its initial public offering of 37,500,000 common units, representing limited partner interests. 

Shell Midstream Partners, L.P. launches initial public offering Shell Midstream Partners, L.P. launches initial public offering

Shell Midstream Partners, L.P., a limited partnership formed by Royal Dutch Shell, announced today that it has launched its initial public offering of 37,500,000 common units, representing limited partner interests.

The common units are expected to be listed on the New York Stock Exchange under the ticker symbol “SHLX.” The underwriters of the offering will have a 30-day option to purchase up to an additional 5,625,000 common units from Shell Midstream Partners.


The common units being offered represent a 27.2 percent limited partner interest in Shell Midstream Partners, or a 31.3 percent limited partner interest if the underwriters exercise in full their option to purchase additional common units. Royal Dutch Shell, through certain of its subsidiaries, will own the remaining limited partner interest in Shell Midstream Partners, as well as its 2.0 percent general partner interest.

 

Barclays, Citigroup, Morgan Stanley and UBS Investment Bank are acting as book-running managers for the offering. Credit Suisse, Goldman Sachs, JP Morgan, Wells Fargo, RBC Capital Markets and Credit Agricole are acting as co-managers. The offering is being made only by means of a prospectus. Once it becomes available, potential investors can obtain a prospectus that meets the requirements of Section 10 of the Securities Act of 1933 from:

Barclays

c/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, NY 11717

Phone: 1-888-603-5847

barclaysprospectus@broadridge.com 

Citigroup

c/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, New York 11717

Phone: 1-800- 831-9146

prospectusdept@citi.com 

Morgan Stanley

Attention: Prospectus Department

180 Varick Street

New York, New York 10014

Prospectus@morganstanley.com 

UBS Investment Bank

Attn: Prospectus Dept.

299 Park Avenue

New York, New York 10171

Phone: 1-888-827-7275

Source : Neftegaz.RU