Company Overview

Update

Midcoast Energy Partners, an Enbridge Energy Partners-backed limited partnership that owns natural gas transportation and delivery assets,

Description

Update

Midcoast Energy Partners, an Enbridge Energy Partners-backed limited partnership that owns natural gas transportation and delivery assets, filed on Friday with the SEC to raise up to $575 million in an initial public offering. The Houston, TX-based company, which was formed in 2012 and booked $6.5 billion in sales for the 12 months ended March 31, 2013, plans to list on the NYSE under the symbol MEP. BofA Merrill Lynch is the sole bookrunner on the deal. No pricing terms were disclosed.