Loan & DebtAug 3, 2026, 04:18 PM
Kinder Morgan Issues $1.75B Senior Notes Due 2036 and 2056
AI Summary
Kinder Morgan, Inc. entered into an underwriting agreement to sell $1.75 billion in aggregate principal amount of senior notes. This includes $1.15 billion of 5.550% Senior Notes due 2036 and $600 million of 6.150% Senior Notes due 2056. The company expects to use the proceeds for general corporate purposes, such as repaying commercial paper borrowings and refinancing upcoming debt maturities.
Key Highlights
- Kinder Morgan issued $1,150,000,000 aggregate principal amount of 5.550% Senior Notes due 2036.
- Kinder Morgan issued $600,000,000 aggregate principal amount of 6.150% Senior Notes due 2056.
- Total aggregate principal amount of notes issued is $1,750,000,000.
- Interest on the notes will be payable semi-annually starting February 1, 2027.
- Proceeds will be used for general corporate purposes, including commercial paper repayment and debt refinancing.
- Underwriters include BofA Securities, CIBC World Markets, PNC Capital Markets, RBC Capital Markets, and Wells Fargo Securities.
Price Impact
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