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Kinder Morgan Energy Partners Message Board

  • acct_83 acct_83 Feb 10, 2013 7:31 PM Flag

    Avg Maturity of LT Debt

    Anyone know the rate and avg maturity of the LT Debt ?

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    • acct-surely you know it is in the 10K with a name like acct

      • 1 Reply to moneyonomics
      • moneyonomics, yes I see the sch of LT debt maturities in the 10K. I see that most of the LT debt matures many years match the revenues from the assets which will be received over many years...that probably made a lot of sense before 2009 when most of these loans were made. Only about 500M matures in 2013 and can be rolled over at current low rates. If they hedged the interest rate risk at the time the loans were made to lock in their cost of capital at the original rates, they should benefit as rates all depends on how the LT loans are hedged. For example, they"ll pay 7.125% on the notes due in 2020 regardless of what happens to interest rates, but they (might have) incurred a hedging loss since 2009 (hypothetically assume it's a 2009 origination) which will be covered as rates tick back up.

    • This information should be in the notes to the financial statements listed under debt or long-term debt. Try going to "profile" and click on the home page link. Good luck.

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