DCP Midstream LP 7.95% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units

By: ,

Date Issued   10/2/2018

Shares Issued   4,000,000   Overallotment  600,000

S&P Rating   B   Moodys Rating   B1

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Security Ticker Symbol   DCP–C   OTC Grey Market   DCPUU

Market Traded ON   NYSE

Dividend Payment Paid on the 15th of January, April, July and October beginning on 1/15/2019

Quarterly Distribution   .497  Annual Distribution   1.988

Securities may be redeemed, at the issuers option, as early as 10/15/2023 for a redemption price of $25/share plus accrued distribution

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On October 15, 2023 the coupon will float at a rate of 3 month Libor and a spread of 4.882%.

Dividend Payment Will Likely be a Non Qualified Distribution

Maturity Date   None

 

Click Here to find the offering Prospectus and Final Pricing Document

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