By Devika Patel
Knoxville, Tenn., July 1 - Kinder Morgan Energy Partners, LP plans a $75 million registered direct offering of common units, according to a prospectus supplement filed Thursday with the Securities and Exchange Commission.
The company will sell 1,167,315 common units at $64.25 per unit.
Proceeds will be used for general corporate purposes.
Kinder Morgan is a pipeline company based in Houston.
| Issuer: | Kinder Morgan Energy Partners, LP
|
| Issue: | Common units
|
| Amount: | $75 million
|
| Units: | 1,167,315
|
| Price: | $64.25
|
| Warrants: | No
|
| Pricing date: | July 1
|
| Stock symbol: | NYSE: KMP
|
| Stock price: | $64.25 at close July 1
|
| Market capitalization: | $19.3 billion
|
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