EnLink Midstream LLC

08/29/2024 | Press release | Distributed by Public on 08/29/2024 04:22

Changes in Control Form 8 K

Item 5.01 Changes in Control of Registrant.

On August 28, 2024, GIP III Stetson I, L.P. ("GIP Stetson I") and GIP III Stetson II, L.P. ("GIP Stetson II" and together with GIP Stetson I, collectively, the "Sellers"), each of which is an affiliate of Global Infrastructure Management, LLC, entered into a Purchase Agreement with ONEOK, Inc. (the "Purchaser"), pursuant to which the Purchaser agreed to acquire, in the aggregate, all of the equity interests held by the Sellers in (i) EnLink Midstream, LLC ("ENLC") and (ii) EnLink Midstream Manager, LLC, the managing member of ENLC (the "Manager") (collectively, the "Transaction"). The Sellers and the Purchaser have indicated that they expect the closing of the Transaction, which is subject to the satisfaction or waiver of customary closing conditions, including regulatory approval, to occur during the fourth quarter of 2024. If the Transaction is completed, then the Purchaser will control the Manager, ENLC and ENLC's subsidiaries.

Forward-Looking Statements

This Current Report contains forward-looking statements within the meaning of the federal securities laws. These statements are based on certain assumptions made by ENLC based upon management's experience and perception of historical trends, current conditions, expected future developments, and other factors ENLC believes are appropriate in the circumstances. All statements, other than statements of historical fact, included in this Current Report constitute forward-looking statements, including but not limited to statements identified by the words "may," "believe," "will," "should," "plan," "predict," "anticipate," "intend," "estimate," "expect", "continue," and similar expressions. Such forward-looking statements include, but are not limited to, statements with respect to the closing of the Transaction and the timing of the closing of the Transaction. Such forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of ENLC, which may cause the actual results to differ materially from those implied or expressed by the forward-looking statements. These risks include, but are not limited to, risks discussed in ENLC's filings with the Securities and Exchange Commission. ENLC disclaims any intention or obligation to update or revise any forward-looking statements or information, whether as a result of new information, future events, or otherwise.