Seeking Alpha

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

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.
Comments (3)
  • 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
DJIA (DIA) S&P 500 (SPY)