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Kinder Morgan Energy Partners, L.P. Message Board

  • no1matemary no1matemary Jul 5, 2013 10:53 AM Flag

    KMP 2.2 BILLION ON IPO -LOOK AT THE DATE THIS WAS ORIGANLLY ANNOUNCED!

    Kinder Morgan plans $2.2 billion IPO


    February 4, 2011




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    HOUSTON – Kinder Morgan Holdco LLC, the parent company of Kinder Morgan has started an initial public offering (IPO) of 80,000,000 shares and is expected to raise nearly $2.2 billion.

    All of the common stock that will be sold by existing investors, consisting of funds advised by or affiliated with Goldman, Sachs & Co., Highstar Capital LP, The Carlyle Group and Riverstone Holdings LLC. No members of Kinder Morgan management are selling in the offering, and Kinder Morgan will not receive any proceeds from the offering. Underwriters will be granted a 30-day option to purchase up to 12,000,000 additional shares of common stock.

    In connection with the offering, Kinder Morgan Holdco LLC will be converted from a Delaware limited liability company to a Delaware corporation. The converted entity will be renamed Kinder Morgan Inc.

    The common stock to be offered will represent an approximately 11.3% interest in the newly named Kinder Morgan Inc., or approximately 13% if the underwriters exercise their option to purchase additional shares in full.

    Goldman, Sachs & Co. and Barclays Capital are acting as joint book-running managers for the offering. BofA Merrill Lynch, Citi, Credit Suisse, Deutsche Bank Securities, J.P. Morgan, Wells Fargo Securities, Madison Williams and Company, Morgan Keegan, Raymond James, RBC Capital Markets and Simmons & Company International are acting as co-managers for the offering.

    Source: Kinder Morgan

 
KMP
81.89-0.87(-1.05%)Jul 29 4:02 PMEDT

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