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Latest Key Developments (Source: Significant Developments)

Enbridge Energy Partners announces drop down of additional interests in natural gas business to Midcoast Energy Partners, L.P.
Thursday, 19 Jun 2014 06:00am EDT 

Enbridge Energy Partners LP:Enters into a Purchase and Sale Agreement with Midcoast Energy Partners, L.P. to sell an additional 12.6 pct interest in its subsidiary, Midcoast Operating, L.P.For cash proceeds of $350 mln.Transaction expected to close on or about July 1.  Full Article

Midcoast Energy Partners declares distribution
Tuesday, 29 Apr 2014 04:07pm EDT 

Midcoast Energy Partners LP:Declares cash distribution of $0.3125 per unit payable May 15, to unitholders of record on May 8.  Full Article

Midcoast Energy Partners LP gives FY 2014 EBITDA guidance in line with analysts' estimates
Tuesday, 11 Feb 2014 04:22pm EST 

Midcoast Energy Partners LP:Forecasts adjusted EBITDA for FY 2014 between $105 and $125 million.FY 2014 EBITDA of $110 million - Thomson Reuters I/B/E/S.  Full Article

Midcoast Energy Partners LP declares distribution
Wednesday, 29 Jan 2014 04:43pm EST 

Midcoast Energy Partners LP:Says it has declared a cash distribution of $0.16644 per unit for the fourth quarter of 2013.Says quarterly distribution will be paid on Feb. 14 to unitholders of record on Feb. 7.  Full Article

Midcoast Energy Partners LP appoints C. Gregory Harper as principal executive officer
Monday, 13 Jan 2014 09:15am EST 

Midcoast Energy Partners LP:Says the appointment of C. Gregory (Greg) Harper as a director of the MH board of directors effective Jan. 30 and as principal executive officer effective Feb. 28.  Full Article

Midcoast Energy Partners LP announces closing of option to purchase additional class A common units related to initial public offering
Monday, 9 Dec 2013 03:55pm EST 

Midcoast Energy Partners LP:Says the closing of the sale of an additional 2,775,000 Class A Common Units representing limited partner interests in connection with the previously announced initial public offering of 18,500,000 of its Class A Common Units that closed on Nov. 13.Says it will use the about $47.0 mln of net proceeds from the exercise of the option to redeem 2,775,000 Class A Common Units from Enbridge Energy Partners, L.P.Says upon redemption of the Class A Common Units from Enbridge Partners, the public will own a 46 percent limited partner interest in Midcoast Partners.Says BofA Merrill Lynch, Barclays, Citigroup, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., J.P. Morgan, Morgan Stanley, Wells Fargo Securities and UBS Investment Bank acted as joint book-running managers for the initial public offering.Says RBS, SMBC Nikko and Ladenburg Thalmann & Co. Inc. acted as co-managers for the initial public offering.  Full Article

Midcoast Energy Partners LP Completes IPO - Form 8-K
Tuesday, 19 Nov 2013 04:00pm EST 

Midcoast Energy Partners LP reported in its Form 8-K that on November 13, 2013, Midcoast Energy Partners, L.P. (MEP), a subsidiary of Enbridge Energy Partners, L.P. (EEP), completed its Initial Public Offering (IPO) of Class A common units representing limited partner interests in MEP.  Full Article

Midcoast Energy Partners LP Announces Pricing Of Initial Public Offering Of 18,500,000 Class A Common Units
Wednesday, 6 Nov 2013 04:50pm EST 

Midcoast Energy Partners, L.P. announced that it has priced its initial public offering of 18,500,000 Class A common units representing limited partner interests at $18 per common unit, pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission. Midcoast Partners has granted the underwriters a 30-day option to purchase from Midcoast Partners up to an additional 2,775,000 Class A common units at the initial public offering price. The Class A common units are expected to begin trading on November 7, 2013 on the New York Stock Exchange under the ticker symbol "MEP." This offering is expected to close on or about November 13, 2013, subject to customary closing conditions. Upon conclusion of the offering, the public will own a 40% limited partner interest in Midcoast Partners, or a 46% limited partner interest if the underwriters exercise, in full, their option to purchase additional Class A common units. Enbridge Energy Partners, L.P, through certain of its subsidiaries, will hold a 2% general partner interest and the remaining limited partner interest in Midcoast Partners. BofA Merrill Lynch, Barclays, Citigroup, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., J.P. Morgan, Morgan Stanley, Wells Fargo Securities and UBS Investment Bank are acting as joint book-running managers for the initial public offering. RBS, SMBC Nikko and Ladenburg Thalmann & Co. Inc. are acting as co-managers for the initial public offering.  Full Article

Midcoast Energy Partners LP Announces Initial Public Offering of 18,500,000 Class A Common Units
Thursday, 31 Oct 2013 07:04am EDT 

Midcoast Energy Partners LP announced the launch of its initial public offering of 18,500,000 Class A common units representing limited partner interests. Midcoast Partners will grant the underwriters a 30-day option to purchase from Midcoast Partners up to an additional 2,775,000 Class A common units at the initial public offering price. The Class A common units will be listed on the New York Stock Exchange under the ticker symbol "MEP." The Class A common units being offered represent a 40% limited partner interest in Midcoast Partners, or a 46% limited partner interest if the underwriters exercise, in full, their option to purchase additional Class A common units. Enbridge Energy Partners, L.P. (Enbridge Partners), through certain of its subsidiaries, will hold a 2% general partner interest and the remaining limited partner interest in Midcoast Partners. BofA, Merrill Lynch, Barclays, Citigroup, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., J.P. Morgan, Morgan Stanley, Wells Fargo Securities and UBS Investment Bank are acting as joint book-running managers for the initial public offering. RBS, SMBC Nikko and Ladenburg Thalmann & Co. Inc. are acting as co-managers for the initial public offering.  Full Article

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