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Kinder Morgan Partners (KMP) sold a $1.25B debt offering yesterday, following its $6.2B...

  • Thursday, August 9, 2012, 11:47 AM ET
    Kinder Morgan Partners (KMP) sold a $1.25B debt offering yesterday, following its $6.2B drop-down acquisition of Tennessee Gas Pipeline and half of El Paso Natural Gas from general partner Kinder Morgan (KMI). Janney says KMP is purchasing the assets at ~8x 2012 EBITDA, which will bump up leverage to 5.2x-5.6x debt to EBITDA, near the high end of KMP’s historical levels.
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This news story has 3 comments:

  •  
    great prices on these credits
    9 Aug 2012, 11:57 AM Reply Like
  •  
    What is the opinion, buy,sell, or hold?
    9 Aug 2012, 06:03 PM Reply Like
  •  
    S&P gives KMP a Strong buy.
    9 Aug 2012, 08:38 PM Reply Like
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