Enbridge Energy to sell benchmark notes in three parts on Thursday

By Aleesia Forni

Virginia Beach, Oct. 1 – Enbridge Energy Partners LP intends to sell a benchmark offering of senior notes (Baa3/BBB) in tranches due 2020, 2025 and 2045 on Thursday, according to an informed source and a 424B3 filed with the Securities and Exchange Commission.

Deutsche Bank Securities Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are the joint bookrunners.

Proceeds will be used to repay a portion of outstanding commercial paper, to repay any credit facility borrowings that are outstanding, to fund a portion of a capital expansion projects and the costs for unwinding certain interest hedging arrangements, for general partnership purposes or any combination of such purposes.

The energy transport and storage company is based in Houston.

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