News Releases

Baker Botts Represents Barclays in Equity Offering by Spectra Energy Corp

Release

Deal Description: On April 4, 2016, Spectra Energy Corp (NYSE: SE) (“Spectra Energy”) priced a public offering of 14,000,000 shares of common stock at $30 per share to the public. Barclays Capital Inc. (“Barclays”) is the sole underwriter in the offering. In addition, Barclays has a 25-day option to purchase up to 2,100,000 additional shares. The offering is expected to close on April 8, 2016, subject to customary closing conditions.

Spectra Energy expects to use the net proceeds from the offering to purchase additional common units from Spectra Energy Partners, LP (NYSE: SEP) (“SEP”) in a private placement.

Baker Botts is representing Barclays in the offering.

Client: Barclays Capital Inc.

Outside Counsel to Spectra Energy Corp: Gibson, Dunn & Crutcher LLP

Other Party: Spectra Energy (as described above)

Outside Counsel to the Underwriter: Baker Botts L.L.P.

Value: Up to $483,000,000 (including overallotment)

Baker Botts Lawyers/Office Involved:

For more information, please see Spectra Energy Corp’s news release by clicking here.

 

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