By Andrea Heisinger
Omaha, Sept. 18 - Rockies Express Pipeline LLC priced $600 million two-year floating-rate notes at 99.73382 with a coupon of three-month Libor plus 85 basis points on Monday, a market source said.
The Rule 144A notes (Baa2/BBB) are non-callable.
Citigroup Global Markets Inc. and Lehman Brothers Holdings Inc. were bookrunners.
Houston-based Rockies Express is a joint development of Kinder Morgan Energy Partners, LP, Sempra Pipelines & Storage and ConocoPhillips.
| Issuer: | Rockies Express Pipeline LLC
|
| Issue: | Floating-rate notes
|
| Amount: | $600 million
|
| Maturity: | Aug. 20, 2009
|
| Bookrunners: | Citigroup Global Markets Inc., Lehman Brothers Holdings Inc.
|
| Coupon: | Three-month Libor plus 85 bps
|
| Price: | 99.73382
|
| Call: | Non-callable
|
| Trade date: | Sept. 17
|
| Settlement date: | Sept. 20
|
| Distribution: | Rule 144A
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB
|
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