previously here on the message board, other posters have reported on what the share and unit buy backs have amounted to. As of last Oct,, KMI had bought back nearly 30% of the warrants. As of today I do not know the percentages, who can provide more info?
I are you thinking KMI will convert some of the warrants which they have consistently been buying back, convert those units via internal process to shares and sell those shares on the open market as a means to raise capital..... interesting.
KMI buy back of warrants is important to me because, buy back reduces the float and to some extent indicates KMI management confidence in the escalation the GP's share price. In any case as of Q3 2014 unit buy back was at about 30%, I have lost track since then. Who can tell us something more current?
the CC impressed me in several ways, primarily the deal wherein Q1 they " issued an aggregate of #$%$1,250 million of 7 and 12 year senior notes in March 2015 and swapped the entire amount to U.S. dollars (approximately $1,358 million) at fixed rates equivalent to approximately 3.79 percent and 4.67 percent, respectively." If I read this correctly, the after issue currency swaps eliminated the possible FX problems associated with any future rally in the Euro, nice deal. My question is.... who can comment to any share or warrant buy-backs. I like to follow the float on the warrants carefully