Phillips 66 Partners has announced the pricing of 3.75% unsecured senior notes to raise $500m in a public offering.
The notes will yield a semi-annually coupon rate of 3.795% until they expire on 1 March 2028.
Phillips 66 has appointed Citigroup Global Markets, MUFG Securities Americas, Scotia Capital (USA), TD Securities (USA), BNP Paribas Securities, Deutsche Bank Securities, Goldman Sachs & Co., and Mizuho Securities USA as joint book-running managers for the issue.
The proceeds from the issue are intended to be used by the company to repay debt, and for general partnership purposes.
The public issue is scheduled for completion on 13 October.
Snam has successfully raised $763.08m through the issue of 1.375% notes, due 25 October 2027, in a private placement. The notes have been issued under the Euro Medium Term Notes Programme.
Barclays Bank, BNP Paribas, Merrill Lynch International, ING Bank, Mizuho International, Mediobanca-Banca di Credito Finanziario, MUFG Securities EMEA and Societe Generale Corporate & Investment Banking were the book runners and joint lead managers for the placement.
The proceeds from the placement are intended to be used by Snam for general corporate purposes.
Mid-Con Energy Properties plans to dispose of certain oil and gas assets located in the Eastern Shelf area of Permian Basin in Texas, US.
The divestment includes the transfer of 65% to 100% gross working interest in 118 wells and 0.04% to 1.56% royalty interest in three wells.
The assets are located in Coke, Coleman, Fisher, Haskell, Jones, Kent, Nolan, Runnels, Stonewall and Taylor counties.
Mid-Con Energy has appointed EnergyNet.com for the asset sale. The bidding process is scheduled for closure on 18 October.
Targa Resources Partners a subsidiary of Targa Resources, intends to raise $750m through the issue of 5% senior unsecured notes, due 15 January 2028, in a private placement.
The proceeds are intended to be used by Targa Resources to redeem its 5% senior notes due 2018, to reduce its indebtedness, and for general corporate purposes.
The placement is scheduled for completion on 17 October.
Vine Oil & Gas, through its wholly owned subsidiary Vine Oil & Gas Finance, has agreed to raise $530m through the issue of senior unsecured notes in a private placement.
Due 2023, the notes will be issued to qualified institutional investors.
The proceeds from the placement are intended to be used by the company to fund the full repayment of its third lien term loan, and to repay borrowings.