Enable Wraps up Deal with CenterPoint Energy

Oklahoma City-based Enable Midstream Partners, LP says it has closed the previously announced private placement with CenterPoint Energy, Inc.

The deal involved a $363 million purchase by CenterPoint Energy of 10 percent Series A Fixed-to-Floating Non-Cumulative Redeemable Perpetual Preferred Units at a price of $25 per unit.

At the same time, Enable redeemed $363 million of notes scheduled to mature in 2017 payable to a subsidiary of CenterPoint Energy Resources Corp.

Enable runs nearly 12,300 miles of gathering pipelines, 13 major processing plants and has 7,900 of interstate pipelines. It also owns another 2,200 miles of intrastate pipelines and eight storage facilities.