By Sheri Kasprzak
New York, April 2 - Enbridge Energy Partners, LP completed a private placement for $313.349 million.
The company sold 5.9 million class C units at $53.11 each to a group of investors led by CDP Infrastructures Fund GP, a subsidiary of Caisse de depot et placement du Quebec, and Tortoise Energy Capital Corp.
Proceeds will be used for expansion into eastern Texas and for other expansion initiatives.
Houston-based Enbridge owns liquid petroleum pipelines.
| Issuer: | Enbridge Energy Partners, LP
|
| Issue: | Class C limited partnership units
|
| Amount: | $313.349 million
|
| Units: | 5.9 million
|
| Price: | $53.11
|
| Warrants: | No
|
| Investors: | CDP Infrastructures Fund GP, Tortoise Energy Capital Corp.
|
| Settlement date: | April 2
|
| Stock symbol: | NYSE: EEP
|
| Stock price: | $56.39 at close April 2
|
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