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Vancouver, British Columbia – Westcoast Energy Inc. (the “Corporation”) announced today that it has entered into an agreement with a syndicate of underwriters co-led by BMO Capital Markets and Scotiabank. The underwriters have agreed to buy 4,000,000 Cumulative 5-Year Minimum Rate Reset Redeemable First Preferred Shares, Series 10 (the “Series 10 First Preferred Shares”) at a price of $25.00 per share for aggregate gross proceeds of $100,000,000. The proceeds are expected to be used to refinance upcoming debt maturities and for general corporate purposes.
VANCOUVER, British Columbia – On November 5, 2015, Westcoast Energy Inc. and Union Gas Limited declared quarterly dividends.
Houston – Spectra Energy Corp and Spectra Energy Partners, LP have executed an agreement for the acquisition by Spectra Energy of Spectra Energy Partners’ one-third ownership interests in the Sand Hills and Southern Hills natural gas liquids (NGL) pipelines.
HOUSTON – Spectra Energy Corp (NYSE: SE) has declared a quarterly cash dividend on its common stock of $0.37 per share, or $1.48 per share on an annualized basis. The dividend is payable on December 8, 2015, to shareholders of record at the close of business on November 13, 2015.