El Paso Pipeline Partners LP - 2010-11-16

Priced a public offering of 10.5 million common units at $33.45 per common unit. Net proceeds, including the general partner's proportionate capital contribution, will be used by El Paso Pipeline Partners as partial consideration for the acquisition of the remaining 49% interests in both Southern LNG LLC (SLNG) and El Paso Elba Express Co. LLC (Elba Express), and an additional 15% interest in Southern Natural Gas Co. (SNG) from El Paso Corp. (NYSE: EP). Following the acquisition, El Paso Pipeline Partners will own 100% of SLNG and Elba Express and a 60% interest in SNG. Barclays Capital, BofA Merrill Lynch, Citi, Morgan Stanley and Wells Fargo Securities are joint book-running managers. Credit Suisse, Deutsche Bank, Raymond James and UBS Investment Bank are co-managing underwriters.