Boardwalk Pipelines to price $275 million 10-year notes Wednesday

By Aleesia Forni

Virginia Beach, Nov. 19 – Boardwalk Pipelines LP expects to price $275 million of 10-year senior notes during Wednesday’s session, according to an informed source and a 424B5 filed with the Securities and Exchange Commission.

Barclays, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., MUFG and Wells Fargo Securities LLC are the bookrunners.

The notes are guaranteed by Boardwalk Pipeline Partners LP.

Proceeds will be used to retire $275 million of subsidiary Gulf South’s 5.05% notes due 2015 and to reduce outstanding borrowings under Boardwalk’s revolving credit facility.

The natural gas and liquids pipeline and storage company is based in Houston.

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