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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Wed., May. 25, 5:01 AM

Slide #14. Shell Midstream Partners, L.P. Secondary Offering

Company: Shell Midstream Partners, L.P. (NYSE:SHLX)
Date announced: 5/17/2016
Shares Offered: 10,500,000
Date of Pricing: 5/18/2016
Price Per Share: $33.25
Secondary Offering Details: Shell Midstream Partners, L.P. (NYSE: SHLX) today announced the commencement of an underwritten public offering of 9,500,000 common units representing limited partner interests. In connection with the offering, Shell Midstream Partners intends to grant the underwriter a 30-day option to purchase up to an additional 1,425,000 common units.-updated 5/18- Shell Midstream Partners, L.P. (NYSE: SHLX) today announced the pricing of an underwritten public offering of 10,500,000 common units representing limited partner interests, at a public offering price of $33.25 per common unit. The total gross proceeds (before the underwriter's discounts and commissions and offering expenses) will be approximately $350 million. In connection with the offering, Shell Midstream Partners granted the underwriter a 30-day option to purchase up to an additional 1,575,000 common units. The offering is expected to close on May 23, 2016, subject to certain closing conditions.

Shell Midstream Partners is a limited partnership engaged in owning, operating, developing and acquiring pipelines and other midstream assets. As of Dec 31 2014, Co. owned interests in: two crude oil pipeline systems, which are held by its subsidiaries, Zydeco Pipeline Company LLC and Mars Oil Pipeline Company, are located along the Texas and Louisiana Gulf Coast and in the Gulf of Mexico, and link onshore and offshore production areas with refining markets; and two refined products systems, which are held by its subsidiaries, Bengal Pipeline Company LLC and Colonial Pipeline Company, connect Gulf Coast and southeastern U.S. refineries to centers from Alabama to New York.
Open the SHLX Page at The Online Investor »

Company Name:  Shell Midstream Partners LP
Website:  www.shellmidstreampartners.com
Sector:  Oil & Gas Equipment & Services
Number of ETFs Holding SHLX:  2
Total Market Value Held by ETFs:  $6.03M
Total Market Capitalization:  $2.29B
% of Market Cap. Held by ETFs:  0.26%
 

Open the SHLX Page at The Online Investor (in a new window) »

May 25, 2016    5:01 AM Eastern
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