Kinder Morgan Inc : Kinder Morgan, Inc. Prices Secondary Sale of Common Stock
06/06/2012| 09:00am US/Eastern
Kinder Morgan, Inc. (NYSE: KMI) today announced it has priced a public
offering of its common stock. The size of the offering is 63,000,000
shares of common stock offered by investment funds affiliated with
Goldman, Sachs & Co., The Carlyle Group and Riverstone Holdings LLC. The
offering price of the common stock was $31.88. The offering is expected
to close and settle on June 11, 2012. Neither the company nor the
company's management is selling any shares of common stock in the
offering, and the company will not receive any of the proceeds from the
offering of shares by the selling stockholders.
Barclays is acting as the sole underwriter for the offering.
A shelf registration statement (including a prospectus) relating to the
offering of the common stock has previously been filed with the U.S.
Securities and Exchange Commission ("SEC") and become effective. A copy
of the prospectus and prospectus supplement may be obtained from
Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York 11717, email: Barclaysprospectus@broadridge.com,
This press release shall not constitute an offer to sell or the
solicitation of any offer to buy, nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to the registration or qualification under the
securities laws of such jurisdiction.
About Kinder Morgan, Inc.
Kinder Morgan, Inc. is the largest midstream and the fourth largest
energy company (based on combined enterprise value) in North America
with an enterprise value of over $90 billion. It owns an interest in or
operates approximately 75,000 miles of pipelines and 180 terminals. Its
pipelines transport natural gas, gasoline, crude oil, CO2 and
other products, and its terminals store petroleum products and chemicals
and handle such products as ethanol, coal, petroleum coke and steel.
Kinder Morgan, Inc. (NYSE: KMI) owns the general partner interest of
Kinder Morgan Energy Partners, L.P. (NYSE: KMP) and El Paso Pipeline
Partners, L.P. (NYSE: EPB), along with limited partner interests in KMP,
Kinder Morgan Management, LLC (NYSE: KMR) and EPB. For more information
please visit www.kindermorgan.com.
This news release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. Although Kinder Morgan, Inc.
believes that its expectations are based on reasonable assumptions, it
can give no assurance that such assumptions will materialize. Important
factors that could cause actual results to differ materially from those
in the forward-looking statements herein include those enumerated in
Kinder Morgan, Inc.'s Forms 10-K and 10-Q as filed with the Securities
and Exchange Commission.
Kinder Morgan, Inc.
Larry Pierce, 713-369-9407
Mills Thornock, 713-369-9490
© Business Wire 2012