El Paso to repay revolver borrowings with notes proceeds

By Sara Rosenberg

New York, May 21 - El Paso Corp. plans to reduce outstanding borrowings under its revolving credit facility and under the revolver of its subsidiary, El Paso Exploration & Production Co., using proceeds from a $500 million unsecured senior notes offering, according to a news release.

El Paso is a Houston-based provider of natural gas and related energy products.

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