DCP Midstream Partners, LP (DPM) said Monday that its wholly owned subsidiary, DCP Midstream Operating, LP, has priced an offering of $500 million aggregate principal amount of its 3.875% senior notes due 2023 at a price to the public of 98.718% of their face value.
The offering is scheduled to close on March 14.
The Operating Partnership plans to use the net proceeds from the offering to fund a portion of the cash purchase price of the previously announced Eagle Ford deal and related expenses, and for general partnership purposes.
If the Eagle Ford deal is not consummated, the Operating Partnership plans to use such net proceeds from the offering to repay indebtedness outstanding under its revolving credit facility, for organic growth projects, and for general partnership purposes.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.