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Spectra Energy Partners closes $400M senior note offering

Spectra Energy Partners LP on closed its public offering of $400 million of its floating rate senior notes due 2020 at a price of 100% of the face amount, according to a Form 8-K filed June 7.

The Enbridge Inc. MLP expects to use the net proceeds to partly pay down borrowings from its term loan credit facility, as well as for general partnership purposes.

Merrill Lynch Pierce Fenner & Smith Inc. served as the underwriter for the offering while Wells Fargo Bank National Association acted as trustee.