Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
June 02 2017 - 09:09AM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Registration No. 333-197967
June 2, 2017
Spectra Energy Partners, LP
Pricing Term Sheet
$400,000,000 Floating Rate Notes due
2020
Issuer:
|
Spectra Energy Partners, LP
|
Security Type:
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Senior Unsecured Notes
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Pricing Date:
|
June 2, 2017
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Settlement Date: (T+3)
|
June 7, 2017
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Maturity Date:
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June 5, 2020, at par
|
Principal Amount:
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$400,000,000
|
Interest Rate Basis:
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Three-month LIBOR
|
Spread:
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+ 70 bps
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Initial Interest Rate:
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Three-month LIBOR plus 70 bps, determined as of two London business days prior to the Settlement Date
|
Interest Payment Dates:
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Quarterly on each March 5, June 5, September 5 and December 5, commencing September 5, 2017
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Interest Reset Dates:
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March 5, June 5, September 5 and December 5
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Initial Interest Determination Date:
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June 5, 2017
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Interest Determination Date:
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Second London business day prior to each Interest Reset Date
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Interest Rate Determination:
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Three-month LIBOR plus 70 bps, determined as of the applicable Interest Determination Date
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Public Offering Price:
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100.000%
|
Redemption:
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The Floating Rate Notes due 2020 will not be redeemable.
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CUSIP / ISIN:
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84756N AJ8 / US84756NAJ81
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Denominations:
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$2,000 x $1,000
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Sole Bookrunner:
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Merrill Lync
|
h, Pierce, Fenner & Smith
Incorporated
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The issuer has filed a registration statement
(including a preliminary prospectus supplement and a prospectus) with the U.S. Securities and Exchange Commission (SEC) for the
offering to which this communication relates. Before you invest, you should read the preliminary prospectus supplement for this
offering, the issuer’s prospectus in that registration statement and any other documents the issuer has filed with the SEC
for more complete information about the issuer and this offering. You may get these documents for free by searching the SEC online
data base (EDGAR) on the SEC web site at http://www.sec.gov. Alternatively, the issuer, the underwriter or any dealer participating
in the offering will arrange to send you the preliminary prospectus supplement and prospectus if you request it by calling Merrill
Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322.
Spectra Energy Partners, LP Common Units Representing Limited Partner Interests (delisted) (NYSE:SEP)
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