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Press release from Business Wire

Kinder Morgan Energy Partners Announces Exercise of Underwriters' Option to Purchase Additional Units

Monday, December 17, 2012

Kinder Morgan Energy Partners Announces Exercise of Underwriters' Option to Purchase Additional Units17:39 EST Monday, December 17, 2012 HOUSTON (Business Wire) -- Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced that the underwriter of its recently completed public offering of 3,900,000 common units has exercised in full its option to purchase an additional 585,000 common units. Barclays acted as the underwriter of the offering. The public offering price for the additional common units is $78.60 per unit, the same price at which the 3,900,000 common units were sold. Both the 3,900,000 common unit offering and the additional 585,000 common unit offering closed on Dec. 14, 2012. Total net proceeds from the sale of the 4,485,000 common units are approximately $348 million. KMP intends to use the proceeds from this offering to repay commercial paper debt. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State. Kinder Morgan Energy Partners, L.P. (NYSE: KMP) is a leading pipeline transportation and energy storage company and one of the largest publicly traded pipeline limited partnerships in America. It owns an interest in or operates approximately 53,000 miles of pipelines and 180 terminals. The general partner of KMP is owned by Kinder Morgan, Inc. (NYSE: KMI). Kinder Morgan is the largest midstream and the third largest energy company in North America with a combined enterprise value of approximately $100 billion. It owns an interest in or operates approximately 75,000 miles of pipelines and 180 terminals. Its pipelines transport natural gas, gasoline, crude oil, CO2 and other products, and its terminals store petroleum products and chemicals and handle such products as ethanol, coal, petroleum coke and steel. KMI owns the general partner interest of KMP and El Paso Pipeline Partners, L.P. (NYSE: EPB), along with limited partner interests in KMP and EPB and shares in Kinder Morgan Management, LLC (NYSE: KMR). For more information please visit www.kindermorgan.com. This news release includes forward-looking statements.These forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. Although Kinder Morgan believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance that such assumptions will materialize. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein include those enumerated in Kinder Morgan's reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they were made, and except to the extent required by law, Kinder Morgan undertakes no obligation to update or review any forward-looking statement because of new information, future events or other factors. Because of these uncertainties, readers should not place undue reliance on these forward-looking statements. Kinder Morgan Energy Partners, L.P.Larry Pierce, (713) 369-9407Media Relationslarry_pierce@kindermorgan.comorMindy Mills Thornock, (713) 369-9490Investor Relationsmindy_thornock@kindermorgan.com