Published on 9/17/2008 in the Prospect News PIPE Daily.
New Issue: El Paso Pipeline Partners to raise $10 million through units sale
By Devika Patel
Knoxville, Tenn., Sept. 17 - El Paso Pipeline Partners, LP said it plans a private placement of units for at least $10 million.
The company said it will sell 600,000 units for $10 million to its general partner. It also will sell 27,761,611 units at an unspecified price to El Paso Corp.
Houston-based El Paso Pipeline Partners owns and operates natural gas transportation pipelines, storage and other midstream assets.
| Issuer: | El Paso Pipeline Partners, LP
|
| Issue: | Units
|
| Amount: | $10 million
|
| Units: | 600,000
|
| Warrants: | No
|
| Pricing date: | Sept. 17
|
| Stock symbol: | NYSE: EPB
|
| Stock price: | $13.27 at close Sept. 17
|
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