SEP maintains its current guidance of 7% distribution growth in 2018 and 4-6% distribution growth in 2019-20, distribution coverage of 1.1x to 1.2x and a strong credit profile of sub 4.0x Debt/EBITDA. Bill Yardley, President and Chairman of the Board of SEP added, "Today's transaction improves SEP's long-term value proposition. With an improved cost of capital, we are even better positioned to improve and extend SEP's distribution growth outlook through organic growth projects, potential future drop downs from Enbridge and third party acquisitions." "We are pleased to have completed this transaction which we believe is a win-win for both Enbridge and SEP," said Al Monaco, President and Chief Executive Officer of Enbridge. "An even stronger SEP supports our strategic priority to continue to grow our natural gas business.