El Paso Energy Partners $150 million 10-year notes talked at 10¾%-11%, pricing Friday

By Paul A. Harris

St. Louis, Nov. 20 - El Paso Energy Partners LP's upcoming offering of ten-year senior subordinated notes (B1/BB-) is talked at 10¾%-11%, according to a syndicate source.

The deal will price Friday, the source added.

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

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

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

The issuer is a Houston-based energy company.

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