New Issue: El Paso Pipeline Partners takes in $30 million through units sale

By Devika Patel

Knoxville, Tenn., Oct. 6 - El Paso Pipeline Partners, LP settled a private placement of units for $15 million on Sept. 30, according to an 8-K filed Monday with the Securities and Exchange Commission. The deal priced for $10 million Sept. 17.

The company said it sold 873,000 units at $17.182 per unit to Ngpmr MLP Opportunity Fund Co., LLC and Tortoise Energy Infrastructure Corp. NGPMR bought $10 million of the units.

Houston-based El Paso Pipeline Partners owns and operates natural gas transportation pipelines, storage and other midstream assets.

Issuer:	El Paso Pipeline Partners, LP
Issue:	Units
Amount:	$14,999,886
Units:	873,000
Price:	$17.182
Warrants:	No
Investors:	Ngpmr MLP Opportunity Fund Co., LLC (for $10 million), Tortoise Energy Infrastructure Corp. (for $5 million)
Pricing date:	Sept. 17
Settlement date:	Sept. 30
Stock symbol:	NYSE: EPB
Stock price:	$13.27 at close Sept. 17

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