El Paso Pipeline Partners Announces $425 Million Senior Notes Offering Due 2020
March 25 2010 - 9:11AM
Marketwired
El Paso Pipeline Partners Operating, L.L.C., a wholly owned
operating subsidiary of El Paso Pipeline Partners, L.P. (NYSE:
EPB), today announced that it plans to issue $425 million of senior
notes due 2020 pursuant to an effective shelf registration
statement on Form S-3 filed today with the Securities and Exchange
Commission (SEC). The partnership intends to use the net proceeds
from the offering as partial consideration for the previously
announced acquisition of a 51 percent member interest in each of
Southern LNG Company, L.L.C. and El Paso Elba Express Company,
L.L.C. from El Paso Corporation (NYSE: EP).
Morgan Stanley & Co. Incorporated, RBS Securities Inc., BNP
Paribas Securities Corp. and Scotia Capital (USA) Inc. are acting
as joint book-running managers of the offering. A copy of the
preliminary prospectus supplement and prospectus relating to this
offering may be obtained from any of the underwriters,
including:
Morgan Stanley & Co. Incorporated 180 Varick Street, 2nd
Floor New York, NY 10014 Attn: Prospectus Department Email:
prospectus@morganstanley.com Telephone: 1-866-718-1469
RBS Securities Inc. 600 Washington Boulevard Stamford, CT 06901
Attn: Debt Syndicate Telephone: 1-866-884-2071
BNP Paribas Securities Corp. 787 Seventh Avenue New York, NY
10019 Attn: Syndicate Desk, 7th Floor Telephone: 1-800-854-8674
Scotia Capital (USA) Inc. One Liberty Plaza New York, NY 10006
Telephone: 1-212-233-6459
You may also obtain these documents for free when they are
available by visiting EDGAR on the SEC's Web site at
www.sec.gov.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. The offering may
be made only by means of a prospectus and related prospectus
supplement.
El Paso Pipeline Partners, L.P. is a Delaware limited
partnership formed by El Paso Corporation to own and operate
natural gas transportation pipelines and storage assets. El Paso
Corporation owns approximately 60 percent of the limited partner
units, and the 2 percent general partner interest. El Paso Pipeline
Partners, L.P. owns Wyoming Interstate Company, an interstate
pipeline system serving the Rocky Mountain region, a 58 percent
interest in Colorado Interstate Gas Company which operates in the
Rocky Mountain region, and a 25 percent interest in Southern
Natural Gas Company, which operates in the southeastern region of
the United States. For more information about El Paso Pipeline
Partners, visit www.eppipelinepartners.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release includes forward-looking statements regarding
future events. All forward-looking statements are based on the
Partnership's beliefs as well as assumptions made by and
information currently available to the Partnership. These
statements reflect the Partnership's current views with respect to
future events and are subject to various risks, uncertainties and
assumptions. These risks, uncertainties and assumptions are
discussed in El Paso Pipeline Partners, L.P.'s 2009 annual report
on Form 10-K and subsequent filings with the Securities and
Exchange Commission.
Contacts: Investor-Media Relations Bruce Connery, Vice President
(713) 420-5855 Media Relations Bill Baerg, Manager (713)
420-2906
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