Published on 11/18/2008 in the Prospect News PIPE Daily.
New Issue: Enbridge seals $499.85 million private placement of units
By Devika Patel
Knoxville, Tenn., Nov. 18 - Enbridge Energy Partners, LP negotiated a $499.85 million private placement of units on Nov. 17, according to an 8-K filed Thursday with the Securities and Exchange Commission,
The company sold 16.25 million class A units at $30.76 each to Enbridge Energy Co., Inc.
The pipeline operator is based in Calgary, Alta.
| Issuer: | Enbridge Energy Partners, LP
|
| Issue: | Class A common units
|
| Amount: | $499.85 million
|
| Units: | 16.25 million
|
| Price: | $30.76
|
| Warrants: | No
|
| Investor: | Enbridge Energy Co., Inc.
|
| Settlement date: | Nov. 17
|
| Stock symbol: | NYSE: EEP
|
| Stock price: | $29.88 at close Nov. 17
|
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