AI English summary of an SEC filing — figures as filed
The company said it entered into an underwriting agreement on January 29, 2024 to sell 5.000% senior notes due 2029 for $1,250,000,000 and 5.400% senior notes due 2034 for $1,000,000,000, with the underwriters.
Key points
AI summaryThe company said it entered into an underwriting agreement on January 29, 2024 to sell 5.000% senior notes due 2029 for $1,250,000,000 and 5.400% senior notes due 2034 for $1,000,000,000, with the underwriters.
Kinder Morgan said the 2029 notes will mature on February 1, 2029 and the 2034 notes on February 1, 2034. It said interest will accrue from February 1, 2024 and be paid semi-annually in arrears on February 1 and August 1 of each year, beginning on August 1, 2024.
The company said the notes are guaranteed under a Cross Guarantee Agreement and will be issued under an Indenture dated March 1, 2012 with U.S. Bank Trust Company, National Association, as trustee. It said it may redeem all or part of the notes at any time.
Kinder Morgan said it plans to use the proceeds from the note sale for general corporate purposes, including repaying commercial paper borrowings and refinancing debt coming due.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Kinder Morgan agrees to sell 2 senior note issues totaling $1,250,000,000 to $1,000,000,000
The company said it entered into an underwriting agreement on January 29, 2024 to sell 5.000% senior notes due 2029 for $1,250,000,000 and 5.400% senior notes due 2034 for $1,000,000,000, with the underwriters.
Source · Based on the filing body and exhibits
2029 and February 1, 2034 maturities, semi-annual interest from August 1
Kinder Morgan said the 2029 notes will mature on February 1, 2029 and the 2034 notes on February 1, 2034. It said interest will accrue from February 1, 2024 and be paid semi-annually in arrears on February 1 and August 1 of each year, beginning on August 1, 2024.
Source · Based on the filing body and exhibits
Issuance under cross guarantee and existing indenture
The company said the notes are guaranteed under a Cross Guarantee Agreement and will be issued under an Indenture dated March 1, 2012 with U.S. Bank Trust Company, National Association, as trustee. It said it may redeem all or part of the notes at any time.
Source · Based on the filing body and exhibits
Proceeds to repay commercial paper and refinance maturing debt
Kinder Morgan said it plans to use the proceeds from the note sale for general corporate purposes, including repaying commercial paper borrowings and refinancing debt coming due.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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