timberland shirts uk Enbridge Announces Pricing of Offer
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CALGARY, March 6, 2018 /PRNewswire/ Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today the consideration to be paid in the previously announced all cash tender offer (the Tender Offer) by its wholly owned subsidiary, Spectra Energy Capital, LLC (Spectra Capital) for any and all of Spectra Capital outstanding 6.75% senior unsecured notes due 2032 (the 2032 Notes) and 7.50% senior unsecured notes due 2038 (the 2038 Notes, collectively, the Notes). New York City time, today, March 6, 2018, unless extended.
The applicable reference yield, repurchase yield and total consideration for the Notes are detailed in the table below:Upon consummation of the Tender Offer, Spectra Capital will pay total consideration of and , respectively, for each US$1,000 principal amount of 2032 Notes and 2038 Notes tendered and accepted for payment, plus accrued and unpaid interest up to, but not including, March 9, 2018 (the expected settlement date), under the Tender Offer.
To receive such consideration, holders of Notes must validly tender and not validly withdraw their Notes or timely comply with the guaranteed delivery procedures set forth in the Offer to Purchase prior to the expiration of the Tender Offer. Notes tendered may be withdrawn at any time prior to the expiration of the Tender Offer, by following the procedures described in the Offer to Purchase. Holders of Notes are urged to read the Offer to Purchase carefully before making any decision with respect to the Tender Offer.