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El Paso Pipeline Sells $500M In Bonds

El Paso Pipeline Partners Operating Co. has raised $500 million in a bond sale.

El Paso Pipeline Partners Operating Co. has raised $500 million in a bond sale. The senior notes, carrying a coupon rate of 5 percent, are due to mature in 2021.

El Paso intends to use the proceeds to decrease outstanding indebtedness under its revolving credit facility and for general partnership purposes. JPMorgan Securities, Deutsche Bank Securities, BNP Paribas Securities Corp. and Scotia Capital (USA) are joint book runners for the deal.

Click here for the release from Market Wire.

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