El Paso Corp. (ticker: EP, exchange: New York Stock Exchange (.N))
News Release -
ANR Pipeline Company Announces Extension of Tender Offer
HOUSTON, Feb. 15 /PRNewswire-FirstCall/ -- ANR Pipeline Company, a
subsidiary of El Paso Corporation (NYSE: EP), today announced that it has
extended the expiration of the tender offer relating to ANR's 8 7/8% Notes due
2010 (CUSIP No. 001814 AV 4) from 5:00 p.m., New York City time, on February
14, 2007 to 9:00 a.m., New York City time, on February 20, 2007. ANR does not
currently intend to further extend the expiration date of the tender offer.
As of 5:00 p.m., New York City time, on February 14, 2007, approximately
$269.2 million in aggregate principal amount of notes, representing
approximately 89.7% of the $300.0 million total principal amount of notes
currently issued and outstanding, had been validly tendered (and not validly
In connection with the tender offer, ANR has retained Goldman, Sachs & Co.
to serve as the dealer manager and Global Bondholder Services Corporation to
act as information agent. Questions regarding the tender offer may be
directed to Goldman, Sachs & Co. at (800) 828-3182. Requests for documents
may be directed to Global Bondholder Services Corporation at (866) 294-2200.
This announcement is not an offer to purchase or a solicitation of an
offer to purchase any securities. The tender offer is being made solely by
ANR's Offer to Purchase and Consent Solicitation Statement dated January 12,
2007 and the related Letter of Transmittal.
ANR is a Delaware corporation incorporated in 1945 and an indirect wholly
owned subsidiary of El Paso Corporation. ANR's primary business consists of
the interstate transportation, storage and gathering of natural gas. ANR
conducts its business activities through its natural gas pipeline systems.
El Paso Corporation provides natural gas and related energy products in a
safe, efficient, dependable manner. The company owns North America's largest
natural gas pipeline system and one of North America's largest independent
natural gas producers. For more information, visit http://www.elpaso.com.
SOURCE El Paso Corporation
CONTACT: Investor and Public Relations, Bruce L. Connery, Vice
President, +1-713-420-5855, fax, +1-713-420-4417, or Media Relations, Bill
Baerg, Manager, +1-713-420-2906, fax, +1-713-420-4417, both of El Paso
7902 02/15/2007 08:45 EST http://www.prnewswire.com