El Paso Pipeline Partners L.P. - 2012-09-19

Description

The underwriters of its recently completed public offering of 7,100,000 common units have exercised in full their option to purchase an additional 1,065,000 common units. EPB intends to use the proceeds from this offering to repay all outstanding borrowings under the Cheyenne Plains credit agreement, to repay certain short-term debt and for general partnership purposes. EPB may also apply some of the net proceeds to reduce borrowings under its revolving credit facility. Wells Fargo Securities, Barclays, Citigroup, Credit Suisse, J.P. Morgan and UBS Investment Bank acted as joint book-running managers, and Deutsche Bank Securities and RBC Capital Markets acted as co-managers for the offering.

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Estimated Price
$277.5MM
Financing Type
Report Date