El Paso Production Holding to kick off $1.2 billion 10-year deal on Thursday

By Paul A. Harris

St. Louis, May 14 - El Paso Production Holding Co. is set to start a roadshow Thursday for $1.2 billion of senior notes due 2013, according to a syndicate source.

The deal is expected to price on May 20, the source added.

Credit Suisse First Boston and Citigroup are joint bookrunners for the Rule 144A offering. Banc of America Securities, Deutsche Bank Securities Inc., Lehman Brothers and Scotia Capital are co-managers.

The notes are non-callable for five years

Proceeds will be used to repay $1.2 billion principal amount of inter-company obligation to El Paso incurred in connection with the retirement of the Trinity River financing.

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