Fitch rates Boardwalk Pipelines notes BBB-

Fitch Ratings said it assigned a BBB- rating to Boardwalk Pipelines LP's senior unsecured notes due 2024.

These notes are being offered as additional notes under an indenture pursuant to which Boardwalk issued $350 million of 4.95% notes due 2024 on Nov. 26. The additional notes are identical to and will be treated as a single class of debt securities with the previously issued senior notes due 2024 under the indenture governing such notes.

Parent company Boardwalk Pipeline Partners, LP guarantees Boardwalk’s debt.

Proceeds are to be used to prefund Texas Gas Transmission, LLC's (BBB-/stable) $250 million senior unsecured notes due June 2015.

© 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.