Kinder Morgan (KMI) has released an update.
Kinder Morgan, Inc. has entered into an agreement to sell $1.25 billion of 5.000% Senior Notes due 2029 and $1 billion of 5.400% Senior Notes due 2034, underwritten by a consortium including Mizuho Securities USA LLC and others. The Notes, which are guaranteed and have provisions for customary representations, warranties, and indemnifications, will be issued under an existing indenture and are set to mature on February 1 of their respective years, with semi-annual interest payments. Proceeds from the sale will be used for general corporate purposes, such as repaying debt. The underwriters have previously and may continue to have banking transactions with Kinder Morgan.
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For a comprehensive understanding of the announcement, you can read the full document here.
