Alliance Pipeline Limited Partnership

December 16, 2009 17:26 ET

Alliance Pipeline Limited Partnership Closes C$120 Million Debt Offering

CALGARY, ALBERTA--(Marketwire - Dec. 16, 2009) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Alliance Pipeline Limited Partnership ("Alliance Canada") announced today the closing of its previously announced public offering of C$120 million unsecured medium term notes due December 16, 2019 (the "Notes") which bear interest at the rate of 4.928% per annum. The Notes have been assigned a credit rating of BBB (high) with a stable trend by DBRS Limited. Moody's Investor Service has assigned a rating of Baa1 to the Notes and has a stable rating outlook on Alliance Canada. The net proceeds of the offering will primarily be used to repay outstanding indebtedness under Alliance Canada's revolving credit facility and for general corporate purposes.

The Notes were offered for sale in Canada through a syndicate of investment dealers led by National Bank Financial Inc. and CIBC World Markets Inc. pursuant to Alliance Canada's short form base shelf prospectus dated December 9, 2009.

About Alliance Pipeline

Alliance Canada owns the Canadian portion of the Alliance Pipeline system. Alliance Canada is owned 50% each by affiliates of Enbridge Income Fund (TSX:ENF.UN) and Fort Chicago Energy Partners L.P. (TSX:FCE.UN).

Alliance Pipeline L.P. ("Alliance USA") owns the U.S. portion of the Alliance Pipeline system. Alliance USA is owned 50% each by affiliates of Enbridge Inc. (TSX:ENB; NYSE:ENB) and Fort Chicago Energy Partners L.P. (TSX:FCE.UN).

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