Spectra Energy Corp. - 2012-12-12

Description

Priced its public offering of 12,800,000 shares of its common stock at $26.75 per share. Net proceeds will be used to fund acquisitions, capital expenditures and for other general corporate purposes, which may include funding a portion of the purchase price for the Express-Platte pipeline system. Pending the use for such purposes, net proceeds will be used to repay commercial paper as they mature or invest them temporarily in short-term marketable securities. BofA Merrill Lynch, Barclays and UBS Investment Bank acted as joint book-running managers. Citi and J.P. Morgan acted as co-managers.

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Estimated Price
$342.4MM
Financing Type
Report Date