Boardwalk Pipelines selling $300 million 10-year notes Monday

By Andrea Heisinger

New York, Nov. 5 - Boardwalk Pipelines, LP is planning a $300 million sale of senior notes due 2023 on Monday, according to a market source and a filing with the Securities and Exchange Commission.

The notes (Baa2/BBB-/) will have a make-whole call until three months prior to maturity and then a par call.

Bookrunners are Barclays, Citigroup Global Markets Inc. and Deutsche Bank Securities Inc.

Proceeds will be used to repay debt under a subordinated loan agreement with BPHC and to reduce borrowings under a revolving credit facility.

The notes are guaranteed by Boardwalk Pipeline Partners, LP.

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

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