DBRS Rates Veresen’s $200 Million Note Issue at BBB (high), Stable Trend

DBRS has today assigned a rating of BBB (high) with a Stable trend to the $200 million 3.06% Series 4 Medium-Term Notes, maturing on June 13, 2019, (the Notes), issued by Veresen Inc. (Veresen). The settlement date for the Notes is June 13, 2014.

The net proceeds from the sale of the Notes, together with general corporate funds, will be used by Veresen to redeem its outstanding $200 million aggregate principal amount of 5.60% senior unsecured notes Series 1 due July 28, 2014.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating Pipeline and Diversified Energy Companies (January 2014), which can be found on our website under Methodologies.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.