DCP Midstream, LP Announces Upsizing and Pricing of an Additional $325 Million of 5.375% Senior Notes due 2025

Jan 16, 2019

DENVER, Jan. 16, 2019 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP) (the “Partnership”) announced today that its wholly owned subsidiary, DCP Midstream Operating, LP (the “Operating Partnership”), priced an upsized offering of an additional $325 million aggregate principal amount of its 5.375% senior notes due 2025 at a price of 100.75% of their face value plus accrued interest from January 15, 2019 (the “Additional Notes”). The Additional Notes will be fully and unconditionally guaranteed by the Partnership. The Additional Notes are being offered as additional notes to the existing $500 million aggregate principal amount of 5.375% senior notes due 2025 that the Operating Partnership issued on July 17, 2018 (the “Existing Notes”). The Additional Notes and the Existing Notes will have identical terms, other than the issue date, and are intended to be treated as a single series of debt securities. The offering is expected to close on January 18, 2019, subject to the satisfaction of customary closing conditions.

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