Sabal Trail Transmission LLC
Description
Sabal Trail Transmission LLC has closed on its $1.5 billion offering of senior notes. Sabal Trail is a joint venture comprised of Spectra Energy Partners LP owning 50%, NextEra Energy, Inc. owning 42.5% and Duke Energy owning 7.5%. The notes were issued in three tranches as follows $500 million principal amount of 4.246% senior notes due 2028, $600 million principal amount of 4.682% senior notes due 2038, and $400 million principal amount of 4.832% senior notes due 2048.