debt
confidence high
sentiment neutral
materiality 0.40
Boardwalk Pipeline Partners, LP: debt financing — Boardwalk Pipeline issues $550M of 5.375% senior notes due 2036
Boardwalk Pipeline Partners, LP
- Principal amount $550M, interest rate 5.375%, maturity 2036.
- Interest payable semiannually on Feb 15 and Aug 15, first payment Feb 15, 2026.
- Notes are fully and unconditionally guaranteed by parent Boardwalk Pipeline Partners LP.
- Redemption: make-whole prior to Nov 15, 2035; at par thereafter.
- No financial maintenance covenants or change-in-control put provisions.