Boardwalk Pipeline Partners LP
Announced that its wholly owned subsidiary, Boardwalk Pipelines LP, priced a public offering of 3.6% senior notes due 2032. A portion of the proceeds will be used to retire all of the outstanding $300 million aggregate principal amount of the 4% notes due 2022 of Gulf South Pipeline Co. LLC on or about March 21, at par. The remainder will be used for general partnership purposes, which may include, among other things, growth capex, repayment of future maturities of long-term debt and additions to working capital. Pending such use, Boardwalk intends to hold the proceeds in cash and cash equivalents. Barclays, J.P. Morgan, MUFG, Truist Securities, Citigroup, Regions Securities LLC, TD Securities, U.S. Bancorp and Wells Fargo Securities are joint book-running managers. BofA Securities and Goldman Sachs & Co. LLC are co-managers.