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Ownership Document |
Schema Version: X0306 |
Document Type: 4 |
Period of Report: 5/13/20 |
Not Subject to Section 16: 0 |
Issuer: |
| Issuer CIK: 1592000 |
| Issuer Name: EnLink Midstream, LLC |
| Issuer Trading Symbol: ENLC |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1663207 |
| | Owner Name: Enfield Holdings Advisors, Inc. |
| Reporting Owner Address: |
| | Owner Street 1: 301 COMMERCE STREET |
| | Owner Street 2: SUITE 3300 |
| | Owner City: FORT WORTH |
| | Owner State: TX |
| | Owner ZIP Code: 76102 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? No |
| | Is Ten Percent Owner? Yes |
| | Is Other? No |
| | Officer Title: |
| | Other Text: |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1663204 |
| | Owner Name: Enfield Holdings, L.P. |
| Reporting Owner Address: |
| | Owner Street 1: 301 COMMERCE STREET |
| | Owner Street 2: SUITE 3300 |
| | Owner City: FORT WORTH |
| | Owner State: TX |
| | Owner ZIP Code: 76102 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? No |
| | Is Ten Percent Owner? Yes |
| | Is Other? No |
| | Officer Title: |
| | Other Text: |
Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Series B Cumulative Convertible Preferred Units |
| | | Footnote ID: F1 |
| | | Footnote ID: F2 |
| | Conversion or Exercise Price: |
| | | Footnote ID: F2 |
| | Transaction Date: |
| | | Value: 5/13/20 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: J |
| | | Equity Swap Involved? No |
| | | Footnote ID: F1 |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 149,371 |
| | | Transaction Price Per Share: |
| Footnote ID: F2 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F2 |
| | Expiration Date: |
| | | Footnote ID: F2 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Units |
| | | Underlying Security Shares: |
| Value: 171,776.65 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 59,897,920 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See Explanation of Responses |
| Footnote ID: F1 |
| Footnote ID: F3 |
| Footnote ID: F4 |
| Footnote ID: F5 |
Footnotes: |
| Footnote - F1: On May 13, 2020, (i) EnLink MidStream Partners, LP ("ENLK") issued to Enfield Holdings, L.P. ("Enfield Holdings") 149,371 Series B Cumulative Convertible Preferred Units (the "Series B Preferred Units") as partial payment for the quarterly distribution declared on the Series B Preferred Units, and (ii) EnLink Midstream, LLC (the "Issuer") issued to Enfield Holdings an equal number of Class C Common Units (the "Class C Common Units"). |
| Footnote - F2: Pursuant to the terms of the Tenth Amended and Restated Agreement of Limited Partnership of ENLK, dated as of January 25, 2019, Enfield Holdings may exchange all or a portion of its Series B Preferred Units (along with a corresponding number of Class C Common Units) at any time for Common Units of the Issuer on a 1-for-1.15 basis, subject to certain adjustments. The right to exchange is not subject to an expiration date. |
| Footnote - F3: Enfield Holdings Advisors, Inc. ("Enfield Holdings Advisors" and, together with Enfield Holdings, the "Reporting Persons") is the general partner of Enfield Holdings, which directly holds the Series B Preferred Units and Class C Common Units reported herein. |
| Footnote - F4: Affiliates of The Goldman Sachs Group, Inc. and affiliates of TPG Global, LLC own interests in Enfield Holdings Advisors and are making separate Form 4 filings. |
| Footnote - F5: Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests. |
Remarks: 6. The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. |
Owner Signature: |
| Signature Name: /s/ Michael LaGatta, Vice President, Enfield Holdings Advisors, Inc. (6) |
| Signature Date: 5/15/20 |
Owner Signature: |
| Signature Name: /s/ Michael LaGatta, Vice President, Enfield Holdings Advisors, Inc., general partner of Enfield Holdings, L.P. (6) |
| Signature Date: 5/15/20 |