The EnLink Midstream companies, EnLink Midstream Partners, LP (NYSE:ENLK) (the Partnership) and EnLink Midstream, LLC (NYSE:ENLC) (the General Partner) (together “EnLink”), announced a definitive agreement to acquire Coronado Midstream Holdings LLC (“Coronado”), which owns natural gas gathering and processing facilities in the Permian Basin, for approximately $600 million, subject to certain adjustments.
The acquisition includes natural-gas gathering and processing facilities in the Permian Basin and will expand Enlink’s presence in West Texas.
Under the deal, Coronado’s owners will receive $240 million in cash, $180 million of EnLink Midstream Partners common units and $180 million of a new class of EnLink Midstream Partners common units.
Baker Botts provided counsel to EnLink Midstream Partners in connection with the acquisition.
Baker Botts Lawyers/Office Involved: Doug Rayburn (Partner, Dallas); Preston Bernhisel (Partner, Dallas); Steve Marcus (Partner, Dallas); Chris Wilson (Partner, Houston); Aileen Hooks (Partner, Austin); Eric Winwood (Partner, Dallas); Tara Lancaster (Senior Associate, Dallas); Ryan Scofield (Associate, Dallas); Claire Fernandez (Associate, Houston).
Source: www.bakerbotts.com
