Kinder Morgan sets Thursday bank meeting for $8.6 billion credit facility

By Paul A. Harris

St. Louis, April 10 - Kinder Morgan Inc. will hold a bank meeting on Thursday for its $8.6 billion credit facility (B2), according to an informed source.

Goldman Sachs, Citigroup, Deutsche Bank, Wachovia and Merrill Lynch are joint bookrunners on the deal, with Goldman the left lead.

The facility is comprised of a $2 billion 6.5-year term loan A, a $2.1 billion seven-year term loan B, a $1.5 billion seven-year term loan C, a $2 billion three-year term loan D and a $1 billion six-year revolving credit facility.

Proceeds will be used to help fund the company's public-to-private buyout by management and equity investors in a transaction valued at about $22 billion.

Kinder Morgan is a Houston-based energy infrastructure provider.

© 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.