El Paso Energy Partners to price $150 million 10-year notes late in week of Nov. 18

By Paul A. Harris

St. Louis, Nov. 15 - El Paso Energy Partners LP will market $150 million of senior subordinated notes due 2102 (B1/BB-) through the early part of the week of Nov. 18 and will likely price them Thursday or Friday, according to a syndicate source.

JP Morgan, Goldman Sachs & Co. and UBS Warburg are joint bookrunners. Wachovia Securities, Inc. is the co-manager.

The Rule 144A notes are non-callable for five years.

Proceeds will be used to fund the acquisition of the San Juan assets from El Paso Energy Corp.

The issuer is a Houston-based energy company.

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