HOUSTON, July 5 /PRNewswire/ -- Maritimes & Northeast Pipeline, L.L.C. (Maritimes) completed the successful solicitation of consents from holders of its 7.70 percent Senior Secured Bonds (Bonds) due 2019, receiving the necessary consents from holders of the outstanding Bonds and banks holding the outstanding principal of the loans under its credit facility.
The consent solicitation was launched to amend certain provisions of the Indenture governing the Bonds to allow Maritimes to commence construction of its Phase IV mainline pipeline system expansion.
Maritimes & Northeast Pipeline, L.L.C. is owned by affiliates of Spectra Energy (77.53 percent), Emera Inc. (TSX: EMA) (12.92 percent) and Exxon Mobil Corporation (9.55 percent).
© 2007 PR Newswire
