El Paso Plans $1.275B Senior Notes Offering

El Paso Corporation plans to issue $1.275 billion of its unsecured senior notes in a public offering. The notes are being offered under El Paso's shelf registration statement.

El Paso plans to use the net proceeds from the sale of the notes to fund the purchase by El Paso's subsidiary, El Paso Exploration & Production Company (EPEP), of any and all of EPEP's $1.2 billion outstanding principal amount of its 7 3/4 percent Senior Notes due 2013 tendered in the previously announced tender offer and consent solicitation with respect to those notes and for general corporate purposes.

El Paso's offering is being made only by means of a prospectus and related prospectus supplement, a copy of which may be obtained from Deutsche Bank Securities Inc. at 60 Wall Street, New York, New York 10005, (800) 503-4611.

El Paso Corporation owns North America's largest natural gas pipeline system and one of North America's largest independent natural gas producers.


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