Enbridge Energy Partners (EEP) Underwriters Exercise Full Over-Allotment Option in 1.28M Offering
Tweet
Share
E-mailGet Alerts EEP Hot Sheet
Join SI Premium – FREE
Enbridge Energy Partners, L.P. (NYSE: EEP) ("the Partnership") announced today that the underwriters have exercised their option to purchase an additional 1.275 million Class A Common Units to cover over-allotments in connection with the previously announced public offering of 8.5 million of its Class A Common Units that closed on December 7, 2011.
The Partnership expects net proceeds from the exercise of the over-allotment option to be approximately $38.1 million. The Partnership expects to use the net proceeds from the offering, including the proceeds from the exercise of the over-allotment option, to fund a portion of its capital expansion projects, for general partnership purposes or any combination of such purposes.
The Partnership expects net proceeds from the exercise of the over-allotment option to be approximately $38.1 million. The Partnership expects to use the net proceeds from the offering, including the proceeds from the exercise of the over-allotment option, to fund a portion of its capital expansion projects, for general partnership purposes or any combination of such purposes.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Denarius Metals acquires 15% stake in Copper Giant, Trafigura invests
- UDynamics files for Nasdaq IPO of 5.6 million shares at $5-$7 per share
- ZeroStack (ZSTK) files for 54.61M share offering by selling stockholders
Create E-mail Alert Related Categories
Corporate News, Equity OfferingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
