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Shell Midstream Partners, L.P. Announces Offering of Common Units

Houston, May 17, 2016 (GLOBE NEWSWIRE via COMTEX) --

Shell Midstream Partners, L.P. SHLX, -0.44% today announced the commencement of an underwritten public offering of 9,500,000 common units representing limited partner interests. In connection with the offering, Shell Midstream Partners intends to grant the underwriter a 30-day option to purchase up to an additional 1,425,000 common units.

Shell Midstream Partners expects to use the net proceeds from this offering to partially fund the previously announced acquisition of additional equity interests in Zydeco Pipeline Company LLC, Bengal Pipeline Company LLC, and Colonial Pipeline Company from Shell Pipeline Company LP.

The common units are being offered and will be sold pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission (SEC). This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such states. The offering is being made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Barclays is acting as the sole book-running manager for the offering. A copy of the preliminary prospectus supplement and accompanying base prospectus relating to the offering may be obtained for free by visiting EDGAR on the SEC website at www.sec.gov or by sending a request to:

Barclays
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: 1-888-603-5847
Email:...


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