Texas Gas Transmission has raised a total of $325 million in a sale of senior unsecured notes. The bonds, which carry a coupon rate 4.5%, will mature on Feb. 1, 2021. The joint book-running managers for the sale were Barclays, Credit Suisse and JP Morgan, adds Reuters. The wholly-owned subsidiary of Boardwalk Pipeline Partners may use the proceeds to repay all of its borrowings outstanding under its revolving credit facility, to repay additional borrowings under the revolving credit facility and for general business purposes.

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