El Paso Corp. - 2010-09-13

Commenced a private offer to exchange any and all of its outstanding 12% senior notes due 2013 held by eligible holders for its 6.50% senior notes due 2020 to be issued by El Paso and for cash. The new notes will mature on September 15, 2020, and will bear interest from Sept. 24 at a rate per annum of 6.50%. The new notes will be senior unsecured indebtedness, and the exchange offer will expire Oct. 7.