DCP Midstream 7.875% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units

By: ,

Date Issued   5/9/2018

Shares Issued   6,000,000   Overallotment  900,000

S&P Rating   B   Moodys Rating   B1

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Security Ticker Symbol   DCP–B   OTC Grey Market   DCPMP

Market Traded ON   NYSE

Dividend Payment Paid on the 15th of March, June, September and December beginning on 9/15/2018

Quarterly Distribution   .4922   Annual Distribution   1.97

Securities may be redeemed, at the issuers option, as early as 06/15/2023 for a redemption price of $25/share plus accrued distribution

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On June 15, 2023 the coupon will float at a rate of 3 month Libor and a spread of 4.919%.

Dividend Payment Will Likely be a Non Qualified Distribution

Maturity Date   None

 

Company Investor Relations Page for DCP Midstream

Click Here to find the offering Prospectus and Final Pricing Document

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