E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers K > Headlines for Kinder Morgan Inc. > News item
Published on 2/8/2022 in the Prospect News Bank Loan Daily and Prospect News Investment Grade Daily.

S&P assigns El Paso Gas notes BBB

S&P said it assigned its BBB issue-level rating to El Paso Natural Gas Co. LLC's planned senior unsecured notes.

The issuer is a wholly owned subsidiary of Kinder Morgan Inc., which will guarantee the notes.

El Paso intends to use the proceeds to repay intercompany debt owed to KMI, which it incurred to repay its $260 million of 8.625% senior unsecured notes that matured on Jan. 18, as well as for general corporate purposes.


© 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.