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DENVER, July 10, 2018 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE
CP) (the “Partnership”) announced today that its wholly owned subsidiary, DCP Midstream Operating, LP (the “Operating Partnership”), has commenced a public offering of $500 million aggregate principal amount of its senior notes due 2025, which will be fully and unconditionally guaranteed by the Partnership.
The Operating Partnerhip intends to use the net proceeds from this offering to redeem all of its outstanding 9.75% senior notes due March 15, 2019 (the “2019 Notes”), and for general partnership purposes, including the funding of capital expenditures.
J.P. Morgan Securities LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc., SunTrust Robinson Humphrey, Inc. and TD Securities (USA) LLC are acting as joint book-running managers for the offering.
The senior notes are being offered and will be sold pursuant to an effective shelf registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission (the “SEC”). This offering is being made only by means of a prospectus and related prospectus supplement.

The Operating Partnerhip intends to use the net proceeds from this offering to redeem all of its outstanding 9.75% senior notes due March 15, 2019 (the “2019 Notes”), and for general partnership purposes, including the funding of capital expenditures.
J.P. Morgan Securities LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc., SunTrust Robinson Humphrey, Inc. and TD Securities (USA) LLC are acting as joint book-running managers for the offering.
The senior notes are being offered and will be sold pursuant to an effective shelf registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission (the “SEC”). This offering is being made only by means of a prospectus and related prospectus supplement.