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Published on 7/25/2022 in the Prospect News Investment Grade Daily.

Kinder Morgan tees up two-part senior note offering due 2033, 2052

Chicago, July 25 – Kinder Morgan, Inc. is readying a two-part offering of fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

The first tranche, due Feb. 1, 2033, will have a make-whole call until Nov. 1, 2032 and then a par call.

The second part, due Aug. 1, 2052, will have a make-whole call until Feb. 1, 2052 and then a par call.

BofA Securities, Inc., Citigroup Global Markets Inc., MUFG Securities Americas Inc. and RBC Capital Markets, LLC are leading the sale.

CIBC World Markets Corp., Credit Agricole Securities (USA) Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Scotia Capital (USA) Inc. and TD Securities (USA) LLC are also working as joint bookrunners.

U.S. Bank Trust Co., NA is the trustee.

Bracewell LLP is advising the issuer on the validity of the notes.

Hunton Andrews Kurth LLP is working for the underwriters.

Proceeds will be used for general corporate purposes, including repaying of commercial paper and to refinance debt maturities.

Kinder Morgan is a Houston-based pipeline transportation and energy storage company.


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