Maritimes & Northeast Pipeline Announces Receipt of Requisite Consents
06 Juillet 2007 - 12:00AM
PR Newswire (US)
HOUSTON, July 5 /PRNewswire/ -- Maritimes & Northeast Pipeline,
L.L.C. (Maritimes) completed the successful solicitation of
consents from holders of its 7.70 percent Senior Secured Bonds
(Bonds) due 2019, receiving the necessary consents from holders of
the outstanding Bonds and banks holding the outstanding principal
of the loans under its credit facility. The consent solicitation
was launched to amend certain provisions of the Indenture governing
the Bonds to allow Maritimes to commence construction of its Phase
IV mainline pipeline system expansion. Maritimes & Northeast
Pipeline, L.L.C. is owned by affiliates of Spectra Energy (NYSE:SE)
(77.53 percent), Emera Inc. (TSX: EMA) (12.92 percent) and Exxon
Mobil Corporation (NYSE:XOM) (9.55 percent). DATASOURCE: Maritimes
& Northeast Pipeline, L.L.C. CONTACT: Media, Steve Rankin,
+1-902-425-4293, or Marylee Hanley, +1-617-560-1573, both of
Maritimes & Northeast Pipeline, L.L.C., +1-713-627-4747
(24-hour media line); or Analysts, John Arensdorf of Spectra
Energy, +1-713-627-4600 Web site: http://www.spectraenergy.com/
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