SPECTRA ENERGY PARTNERS, LP (NYSE:SEP) Files An 8-K Entry into a Material Definitive Agreement

SPECTRA ENERGY PARTNERS, LP (NYSE:SEP) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.

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On September 1, 2017, Spectra Energy Partners, LP entered into Amendment No. 4 to Amended and Restated Credit Agreement and Extension Agreement (the “Amendment”) to the Amended and Restated Credit Agreement dated as of November 1, 2013 (as previously amended, the “Credit Agreement,” as amended by the Amendment, the “Amended Credit Agreement”) with the lenders and issuing banks named in the Credit Agreement and Citibank, N.A. as the administrative agent. Among other things, the Amendment extends the termination date of the revolving credit facility to August 3, 2022.

Certain of the lenders under the Amended Credit Agreement and their respective affiliates perform various financial advisory, investment banking and commercial banking services from time to time for the Partnership and its affiliates, for which they received or will receive customary fees and expense reimbursement.

The foregoing description of the Amendment is not complete and is qualified in its entirety by reference to the full and complete terms of the Amendment, which is attached to this Current Report on Form 8-K as Exhibit 10.1 and incorporated herein by reference.

Item 1.01. Financial Statements and Exhibits.

(d) Exhibits


Spectra Energy Partners, LP Exhibit
EX-10.1 2 v474707_ex10-1.htm EXHIBIT 10.1   Exhibit 10.1   EXECUTION VERSION   AMENDMENT NO. 4 TO AMENDED AND RESTATED CREDIT AGREEMENT AND EXTENSION AGREEMENT   AMENDMENT NO. 4 TO AMENDED AND RESTATED CREDIT AGREEMENT AND EXTENSION AGREEMENT dated as of September 1,…
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About SPECTRA ENERGY PARTNERS, LP (NYSE:SEP)

Spectra Energy Partners, L.P., through its subsidiaries and equity affiliates, is engaged in the transmission, storage and gathering of natural gas, the transportation and storage of crude oil, and the transportation of natural gas liquids (NGLs). The Company’s segments include U.S. Transmission, Liquids and Other. The U.S. Transmission business primarily provides transmission, storage, and gathering of natural gas for customers in various regions of the northeastern and southeastern United States. The U.S. Transmission segment also processes natural gas on its Texas Eastern system. The Liquids business provides transportation and storage of crude oil for customers in central United States and Canada. The Company has over 15,000 miles of transmission and transportation pipelines, and the storage of natural gas in underground facilities with aggregate working gas storage capacity of approximately 170 billion cubic feet (Bcf) in the United States and Canada.

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