HOUSTON – Southeast Supply Header, LLC (the “Company”), a Delaware limited liability company indirectly owned by Spectra Energy Corp and CenterPoint Energy, Inc., closed a private offering of $375 million aggregate principal amount of 4.85 percent Senior Notes due 2014 (the “Notes”). The Notes were issued at a price of 99.947 percent of par to yield 4.862 percent to maturity. The Company intends to use the net proceeds, together with additional capital contributions by its members, to repay in full the construction financing loans that were extended to it by affiliates of its members.
The Company owns and operates the approximately 274-mile natural gas transportation system known as the Southeast Supply Header that extends from the Perryville Hub near Delhi, La., to the Gulfstream Natural Gas System near Coden, Ala., and has a transportation capacity of approximately 1.0 billion cubic feet per day.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933 or any state securities laws. Consequently the securities described herein may not be offered or sold in the United States or to U.S. persons except pursuant to an exemption from the registration requirements of the Securities Act and other applicable securities laws