Kinder Morgan to pay down revolving facility via senior note proceeds

By Tali Rackner

Norfolk, Va., Feb. 23 – Kinder Morgan, Inc. plans to repay borrowings under its revolving credit facility with the proceeds from a new senior note offering, according to a 424B5 filing with the Securities and Exchange Commission.

Proceeds will also be used to repay commercial paper debt and for general corporate purposes.

As of Friday, there was about $2,235,000,000 outstanding under the revolver.

Houston-based Kinder Morgan owns the general partner interests of Kinder Morgan Energy Partners and El Paso Pipeline Partners, limited partner interests in those companies and shares in Kinder Morgan Management.

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