El Paso Pipeline Partners Prices $500MM Debt Offering

El Paso Pipeline Partners Operating Company, a wholly owned operating subsidiary of El Paso Pipeline Partners, announced it has priced an offering of $500 million of its 5% senior notes due 2021. Net proceeds from the offering will be used to reduce outstanding indebtedness under its revolving credit facility and for general partnership purposes.

J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., BNP Paribas Securities Corp. and Scotia Capital (USA) Inc. are acting as joint book-running managers of the offering.