Kinder Morgan Sells $1.1B In Debt

Kinder Morgan Energy Partners has raised a total of $1.1 billion in a two-part debt sale.

Kinder Morgan Energy Partners has raised a total of $1.1 billion in a two-part debt sale, The Wall Street Journal reports. The debt offering includes $500 million of five-year bonds and $600 million of 30-year debt. The proceeds from the offering will be used by the subsidiary of Kinder Morgan to pay down its short-term debt. The joint book-running managers for the sale were Morgan Stanley, Royal Bank of Scotland, RBC Capital Markets and UBS.

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