El Paso Corp. (ticker: EP, exchange: New York Stock Exchange (.N))
News Release -
15-Sep-2011
El Paso Pipeline Partners Announces Pricing of $500 Million Debt OfferingHOUSTON, TX, Sep 15, 2011 (MARKETWIRE via COMTEX) -- El Paso Pipeline Partners Operating Company, L.L.C., a wholly owned
operating subsidiary of El Paso Pipeline Partners, L.P. (NYSE: EPB),
today announced it has priced an offering of $500 million of its 5%
senior notes due 2021. Net proceeds from the offering will be used to
reduce outstanding indebtedness under its revolving credit facility
and for general partnership purposes.
J.P. Morgan Securities LLC, Deutsche Bank 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 prospectus
supplement and prospectus relating to this offering may be obtained
from any of the underwriters, including:
J.P. Morgan Securities LLC
383 Madison Avenue
New York, New York
10179
Attn: High Grade Syndicate Desk
Telephone: (212) 834-4533
Deutsche Bank Securities Inc.
Attn: Prospectus Department
Harborside Financial Center
100 Plaza One, Floor 2
Jersey City, New
Jersey 07311-3988
prospectus.cpdg@db.com
Telephone: (800) 503-4611
BNP Paribas Securities Corp.
787 Seventh Avenue
New York, New York
10019
Attn: Syndicate Desk
Telephone: (800) 854-5674
Scotia Capital (USA) Inc.
1 Liberty Plaza, 25th Floor
165 Broadway
New York, New York 10006
Attn: Debt Capital Markets
Telephone:
(800) 372-3930
You may also obtain these documents for free when they are available
by visiting the Securities and Exchange Commission'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 meeting
the requirements of Section 10 of the Securities Act of 1933, as
amended.
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
a 42 percent limited partner interest, and the 2 percent general
partner interest in the partnership. El Paso Pipeline Partners, L.P.
owns Wyoming Interstate Company, L.L.C. (WIC), Southern LNG Company,
L.L.C. (SLNG), Elba Express Company, L.L.C. (Elba Express), Southern
Natural Gas Company, L.L.C. (SNG), and an 86 percent interest in
Colorado Interstate Gas Company, L.L.C. (CIG). WIC and CIG are
interstate pipeline systems serving the Rocky Mountain region, SLNG
owns the Elba Island LNG storage and regasification terminal near
Savannah, Georgia, and both Elba Express and SNG are interstate
pipeline systems serving the southeastern region of the United
States.
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 2010 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
SOURCE: El Paso Pipeline Partners
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