KMI said it entered into an underwriting agreement on July 22, 2024 with BofA Securities and other representatives of the underwriters to sell 5.100% Senior Notes due 2029 in an aggregate principal amount of $500,000,000.

1. 01

   KMI said it entered into an underwriting agreement on July 22, 2024 with BofA Securities and other representatives of the underwriters to sell 5.100% Senior Notes due 2029 in an aggregate principal amount of $500,000,000.

2. 02

   Under the same underwriting agreement, the company agreed to sell 5.950% Senior Notes due 2054 in an aggregate principal amount of $750,000,000. The notes are guaranteed under a Cross Guarantee Agreement.

3. 03

   Kinder Morgan said the 2029 notes will mature on August 1, 2029 and the 2054 notes will mature on August 1, 2054. Interest will accrue from July 31, 2024 and be payable semi-annually in arrears on February 1 and August 1 of each year, beginning on February 1, 2025.

4. 04

   The company said it plans to use the proceeds from the note offering for general corporate purposes, including repaying commercial paper borrowings and refinancing debt maturing in the near term.

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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.

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