El Paso Pipeline Partners LP - 2011-03-09
Description
Priced a public offering of 12 million common units at $34.30 per common unit.
Net proceeds will be used as partial consideration for the previously announced acquisition of an additional 22% general partner interest in Southern Natural Gas Company from El Paso Corp. (NYSE: EP). Following the acquisition, El Paso Pipeline Partners will own an 82% general partner interest in Southern Natural Gas.
BofA Merrill Lynch, Barclays Capital, Citi, Credit Suisse, Morgan Stanley and Wells Fargo Securities are joint book-running managers. Deutsche Bank Securities, Goldman Sachs & Co., J.P. Morgan and UBS Investment Bank are co-managing underwriters.