Kinder Morgan: UBS Securities to provide $2.03 billion bridge loan for Hiland Partners purchase

By Lisa Kerner

Charlotte, N.C., Jan. 21 – Kinder Morgan, Inc. secured a $2,025,000,000 bridge facility from UBS Securities LLC for the $3 billion purchase of Hiland Partners from Harold Hamm and certain Hamm family trusts.

The purchase price includes the assumption of debt, and the transaction is expected to close in the first quarter of 2015, according to a company news release.

Hiland’s crude oil gathering systems are located in North Dakota and Montana.

Kinder Morgan is a Houston-based pipeline operator.

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