Filed Pursuant to Rule 433
Registration File No. 333-240108
February 8, 2021

 

KINDER MORGAN, INC.
Pricing Term Sheet

$750,000,000 3.600% Senior Notes due 2051

 

 

Issuer: Kinder Morgan, Inc.
Ratings: (Moody’s / S&P / Fitch)*: Baa2 / BBB / BBB
Ratings Outlooks: (Moody’s / S&P / Fitch)*: Stable / Stable / Stable
Security Type: Senior Notes
Pricing Date: February 8, 2021
Settlement Date (T+3):

 

February 11, 2021

 

  3.600% Senior Notes due 2051  
Interest Payment Dates: February 15 and August 15, commencing August 15, 2021  
Record Dates: February 1 and August 1  
Maturity Date: February 15, 2051  
Principal Amount: $750,000,000  
Benchmark Treasury: 1.375% due August 15, 2050  
Benchmark Treasury Price / Yield: 86-27+ / 1.964%  
Spread to Benchmark Treasury: +165 bps  
Yield to Maturity: 3.614%  
Interest Rate: 3.600%  
Price to the Public: 99.744%  

 

 

Optional Redemption: At any time prior to August 15, 2050 (the date that is six months prior to the maturity date of the notes, the “Early Call Date”), we may redeem all or a part of the notes at a price equal to (a) the greater of: (1) 100% of the principal amount of the notes to be redeemed; or (2) the sum of the present values of the remaining scheduled payments of principal and interest on the notes being redeemed that would be due if such notes matured on the Early Call Date but for the redemption (exclusive of any portion of the payments of interest accrued to the date of redemption), discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at T + 25 basis points, plus (b) accrued and unpaid interest thereon to, but not including, the redemption date.  At any time on or after the Early Call Date, we may redeem some or all of the notes at a price equal to 100% of the principal amount of the notes being redeemed plus accrued and unpaid interest to, but excluding, the redemption date.

 

 

 

 

CUSIP / ISIN: 49456B AT8 / US49456BAT89  
Joint Book-Running Managers:

Barclays Capital Inc.

CIBC World Markets Corp.

SMBC Nikko Securities America, Inc.

TD Securities (USA) LLC

Commerz Markets LLC

Morgan Stanley & Co. LLC

PNC Capital Markets LLC

Scotia Capital (USA) Inc.

Truist Securities, Inc.

Co-Managers:

ING Financial Markets LLC

Intesa Sanpaolo S.p.A.

National Bank of Canada Financial Inc.

Regions Securities LLC

 

* Note: The ratings of a security are not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

 

Legend

 

The issuer has filed a registration statement (including a preliminary prospectus supplement and a prospectus) with the U.S. Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the preliminary prospectus supplement for this offering, the issuer’s prospectus in that registration statement and any other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by searching the SEC online data base (EDGAR) on the SEC web site at http://www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus supplement and prospectus if you request it by contacting Barclays Capital Inc. toll-free at (888) 603-5847 or barclaysprospectus@broadridge.com, CIBC World Markets Corp. toll-free at (800) 282-0822, SMBC Nikko Securities America, Inc. toll-free at (888) 868-6856, or TD Securities (USA) LLC toll-free at (855) 495-9846.