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Stock Market & Financial Investment News

News Breaks
June 25, 2014
08:16 EDTENBLEnable Midstream initiated with a Buy at KeyBanc
Target $28.
News For ENBL From The Last 14 Days
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January 29, 2016
06:55 EDTENBLCenterPoint Energy enters into agreement to invest $363M in Enable Midstream
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06:48 EDTENBLCenter Point announces early redemption of $363M of notes with Enable Midstream
CenterPoint Energy announced that it has entered into an agreement with Enable Midstream Partners regarding the early redemption of $363M of notes payable to CenterPoint Energy Resources, a CenterPoint indirect, wholly-owned subsidiary. CenterPoint will invest the proceeds from the redemption in Enable's 10% Series A Fixed-to-Floating Non-Cumulative Redeemable Perpetual Preferred Units. The transaction is expected to close prior to the end of the Q1 and is expected to be accretive to CenterPoint's earnings. The closing will be subject to CenterPoint's completion of its review of Enable's audited financial statements for the year-ended December 31, 2015, and certain customary closing conditions. Because the source of funds for the preferred securities investment will be the redemption of the notes, CenterPoint does not need to use either external sources or cash from operations to finance the investment.

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