Spectra Energy Partners LP - 2013-09-16

Description

Priced a public offering of $500 million senior notes due 2018, $1 billion senior notes due 2024, and $400 million senior notes due 2043, at 99.829%, 99.765%, and 99.875% of their face value. Net proceeds will be used to pay Spectra Energy Corp.'s drop-down of its remaining U.S. transmission, storage, and liquids assets to the partnership. Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Inc., and RBC Capital Markets LLC represent the underwriters.

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Estimated Price
$1,900.0MM
Financing Type
Report Date