Dec. 11, 2012
/PRNewswire/ -- Spectra Energy Corp (NYSE: SE) announced today its intent to offer approximately 12,800,000 shares of its common stock in a registered public offering. In addition, the underwriters are expected to have a 30 day option to purchase up to 1,920,000 additional shares of the company's common stock.
The company intends to use the net proceeds from the offering to fund acquisitions, capital expenditures and for other general corporate purposes, which may include funding a portion of the purchase price for the Express-Platte Pipeline System. Pending the use of proceeds for such purposes, the company expects to use the net proceeds to repay commercial paper as they mature or invest them temporarily in short-term marketable securities.
BofA Merrill Lynch, Barclays and UBS Investment Bank are acting as joint bookrunning managers for the offering.
The offering is being made only by means of a prospectus and related prospectus supplement, copies of which may be obtained from BofA Merrill Lynch, Attn: Prospectus Department, at 222 Broadway,
New York, NY
10038 or by email at
; or from Barclays, Attn: Broadridge Financial Solutions, 1155 Long Island Avenue,
11717, or by telephone toll free at (888) 603-5847 or by email at
; or from UBS Securities LLC, Attn: Prospectus Department, at 299 Park Avenue,
New York, NY
10171, or by telephone toll free at (888) 827-7275. An electronic copy of the preliminary prospectus supplement and the accompanying prospectus are available from the Securities and Exchange Commission's web site at
The shares are being offered pursuant to an effective shelf registration statement that Spectra Energy previously filed with the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make an offer, solicitation or sale in such jurisdiction.