ENBRIDGE ENERGY PARTNERS, L.P. (NYSE:EEP) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.
On June 5, 2017, Enbridge Energy Partners, L.P. (the Partnership)
entered into the Seventh Amendment to Credit Agreement, dated as
of June 5, 2017, with Bank of America, N.A., as administrative
agent. This amendment, among other things, eliminates certain
covenants related to Midcoast Energy Partners, L.P. (MEP) and its
subsidiaries, such covenant removal to be effective upon the
previously disclosed sale by the Partnership of MEP and MEPs
subsidiaries to a subsidiary of Enbridge Inc., which is expected
to close before the end of the second quarter of this year. A
copy of the Seventh Amendment to Credit Agreement is attached
hereto as Exhibit 10.1.
Also on June 5, 2017, the Partnership entered into the First
Amendment to Credit Agreement, dated as of June 5, 2017, with
Enbridge (U.S.) Inc. This amendment eliminates certain covenants
related to MEP and its subsidiaries, such covenant removal to be
effective upon the Partnerships sale of MEP and MEPs subsidiaries
to a subsidiary of Enbridge Inc. A copy of the First Amendment to
Credit Agreement is attached hereto as Exhibit 10.2.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number | Description of the Exhibit | |
| 10.1 |
Seventh Amendment to Credit Agreement, dated as of June 5, 2017, by and among Enbridge Energy Partners, L.P., the lenders party thereto and Bank of America, N.A. |
|
| 10.2 |
First Amendment to Credit Agreement, dated as of June 5, 2017, by and among Enbridge Energy Partners, L.P. and Enbridge (U.S.) Inc. |
About ENBRIDGE ENERGY PARTNERS, L.P. (NYSE:EEP)
Enbridge Energy Partners, L.P. is a limited partnership that owns and operates crude oil and liquid petroleum transportation and storage assets, and natural gas gathering, treating, processing, transportation and marketing assets in the United States. The Company’s activities include interstate pipeline transportation and storage of crude oil and liquid petroleum, and gathering, treating, processing and transportation of natural gas and natural gas liquids (NGLs), through pipelines and related facilities, and supply, transportation and sales services, including purchasing and selling natural gas and NGLs. The Company operates in two business segments: Liquids and Natural Gas. The Liquids segment includes the operations of its Lakehead, Mid-Continent and North Dakota systems. The Natural Gas segment includes natural gas and NGL gathering and transportation pipeline systems, natural gas processing and treating facilities, condensate stabilizers and an NGL fractionation facility.
