By Devika Patel
Knoxville, Tenn., Feb. 12 - Kinder Morgan Energy Partners LP plans to conduct a $60.1 million direct offering of common units, according to a 424B2 filed with the Securities and Exchange Commission Tuesday.
The company will sell 1.08 million units at $55.65 apiece.
Proceeds will be used to repay debt.
Kinder Morgan is a pipeline company based in Houston.
| Issuer: | Kinder Morgan Energy Partners LP
|
| Issue: | Common units
|
| Amount: | $60.1 million
|
| Units: | 1.08 million
|
| Price: | $55.65
|
| Warrants: | No
|
| Pricing date: | Feb. 12
|
| Stock symbol: | NYSE: KMP
|
| Stock price: | $58.27 at close Feb. 11
|
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