debt
confidence high
sentiment neutral
materiality 0.55
Kinder Morgan prices $1.75B senior notes offering in two tranches
KINDER MORGAN, INC.
- Issued $1.15B of 5.550% Senior Notes due 2036 and $600M of 6.150% Senior Notes due 2056.
- Notes mature August 1, 2036 and August 1, 2056, respectively; interest payable semi-annually.
- Proceeds to be used for general corporate purposes, including repaying commercial paper and refinancing maturities.
- Notes are guaranteed under a Cross Guarantee Agreement; underwriters include BofA, CIBC, PNC, RBC, and Wells Fargo.
- Offered under existing shelf registration; redemption at any time at applicable prices.