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Article: Enbridge Energy Partners Announces $300 Million Public Offering of Senior Notes.
- Article from:
- PR Newswire
- Article date:
- December 1, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Enbridge Energy Partners, L.P. (the "Partnership") announced that it has priced an offering of $200 million principal amount of 5.35% Senior Notes due 2014 at an offering price of $99.959 (per $100 of principal) to yield 5.355% and $100 million principal amount of 6.30% Senior Notes due 2034 at an offering price of $99.742 (per $100 of principal) to yield 6.319%. Both series of notes have been assigned ratings of Baa2 by Moody's and BBB by Standard & Poor's and Dominion Bond Rating Service.
The Partnership intends to use the net proceeds of approximately $297.3 million to repay a portion of the amount outstanding under its $600 million senior credit facility. ...