NGPL PipeCo to pay down some debt under revolver via new notes issue

By Susanna Moon

Chicago, July 25 – NGPL PipeCo LLC plans to repay debt under its revolving credit facility using some proceeds of a new issue of notes.

NGPL plans to price up to $1.4 billion of senior notes in two tranches of five- and 10-year notes with a minimum size of $500 million each, according to a term sheet.

The issuer also is tendering for its $1.25 billion of 7.119% senior notes due 2017 until 8 a.m. ET on Aug. 1.

NGPL is a Houston-based natural gas transportation and storage company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.