Acquisition of 50% Interest in the Ruby Pipeline September 22, 2014 A final base shelf prospectus containing important information relating to the securities described in this document has been filed with the securities authorities…
Transaction Overview Acquisition of 50% convertible preferred interest (the Preferred Interest) in the Ruby pipeline system (Ruby) for US1.425 billion from Global Infrastructure Partners Unique opportunity to acquire a large interest…
Ruby Pipeline The Details Newly-built, large-scale, natural gas transmission system extending westward from the Opal hub in Wyoming to the Malin hub in Oregon In-service Date July 28, 2011 Pipeline Length 680 miles Pipeline…
Key Investment Highlights Long-term Contracted Asset Supporting Stable Cash Flow Strong and Growing Financial Performance and Impact Synergistic to Jordan Cove LNG Attractive Convertible Preferred Structure Significant…
Long-Term Contracted Asset Supporting Stable Cash Flow Major Shippers High-quality, long-term ship-or-pay contracts for 1.1 bcf/d, representing 71% of total current capacity, provide stable base cash flows Strong mix of investment…
Strong and Growing Financial Performance and Impact Veresen will receive US91 million of preferred distributions annually based on the Preferred Interest structure Immediately accretive to distributable cash per share Limited…
Synergistic to Jordan Cove LNG Ruby provides direct access to the U.S. West Coast through the proposed Pacific Connector Gas Pipeline which would supply the proposed Jordan Cove LNG terminal Provides significant future upside…
Attractive Convertible Preferred Structure Preferred Interest structure provides strong Illustrative Ruby Cash Flows downside protection while preserving upside Toll Revenue O&M and Preferred distributions are payable prior to G&A…
Significant Opportunity for Additional Long-term Contracting and Expansion Opportunity to participate in significant cash flow growth from contracting the remaining Expansion through 29% of capacity Compression 130% 500 mmcf/d…
Ruby Acquisition An Attractive Value Proposition Rare opportunity to acquire a large interest in a core U.S. pipeline asset Consistent with Veresens strategy of leveraging our existing platform of businesses Preferred Interest…
Loading...
