Kinder Morgan plans to conduct $1.25 billion sale of six-year notes

By Devika Patel

Knoxville, Tenn., Aug. 3 – Kinder Morgan, Inc. plans to sell senior notes due 2023, according to a 424B5 filed with the Securities and Exchange Commission. The size of the offering is $1.25 billion, according to S&P Global Ratings, which has rated the notes BBB-.

The notes feature a make-whole call and then are callable at par.

The bookrunners are Barclays, BofA Merrill Lynch and J.P. Morgan Securities LLC. Co-managers will be Mizuho Securities USA Inc., MUFG, SMBC Nikko and SunTrust Robinson Humphrey Inc.

Proceeds will be used to repay debt under the company’s term loan facility, to redeem the 5.5% senior notes due 2022 issued by subsidiary Hiland Partners Holdings LLC and for general corporate purposes.

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

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