Spectra Energy Partners LP - 2012-11-14

A Public offering of 4,750,000 common units was priced at $27.60 per unit to the public. The underwriters also have an overallotment option to purchase up to about 712,500 additional common units. The partnership intends to use the net proceeds, as well as the net proceeds from any exercise of the underwriters’ over-allotment option, for funding capital expenditures and acquisitions. Net proceeds of this offering will be held as cash or invested in short-term securities, or a combination of both. Wells Fargo Securities, Citigroup, Deutsche Bank Securities, UBS Investment Bank and Credit Suisse acted as joint book running managers for the offering.