Spectra Energy Partners Receives Investment Grade Ratings and Announces $500 Million Debt Offering
HOUSTON, June 6, 2011 /PRNewswire/ -- Spectra Energy Partners, LP (NYSE: SEP) (the "Partnership") announced today that it plans to offer $500 million in aggregate principal amount of senior notes including $250 million of senior notes due 2016 and $250 million of senior notes due 2021, in an underwritten public offering.
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Today, Spectra Energy Partners received investment grade credit ratings from the following agencies:
-- Standard and Poor's |
BBB/Stable |
|
-- Fitch |
BBB/Stable |
|
-- Moody's |
Baa3/Stable |
|
Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and RBS Securities Inc. are acting as the joint book-running managers for the offering. The offering is being made only by means of a prospectus supplement and accompanying base prospectus. A copy of the preliminary prospectus supplement and the accompanying base prospectus for the offering may be obtained from: Wells Fargo Securities, LLC 1-800-326-5897, J.P. Morgan Securities LLC 1-212-834-4533, Morgan Stanley & Co. LLC 1-866-718-1649, and RBS Securities Inc. 1-866-884-2071.
An electronic copy of the preliminary prospectus supplement and the accompanying base prospectus are available from the Securities and Exchange Commission's (SEC) Web site at http://www.sec.gov.
The senior notes are being offered pursuant to an effective shelf registration statement the Partnership previously filed with the SEC.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
SOURCE Spectra Energy Partners, LP
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