Spectra begins public offering of common stock

Spectra Energy Corp. (NYSE: SE) has begun an underwritten public offering of 14 million shares of its common stock. Barclays Capital Inc. is acting as the sole underwriter for the offering. In addition, Spectra Energy intends to grant Barclays Capital Inc. a 25-day option to purchase up to 2.1 million shares of its common stock.

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

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...