Monday, June 06, 2011

Boardwalk prices public offering of common units

Monday, June 06, 2011
Chart for Boardwalk Pipeline Partners LP {"s": "Bwp", "k": "a00, a50, b00, b60, c10, g00, h00, l10, p20, t10, v00", "o": "","j": ""} Press release Source: Boardwalk pipeline partners, LP on Friday May 27, 2010, 9:15 am EDT

HOUSTON-(BUSINESS WIRE) - Boardwalk pipeline partners, LP (NYSE: BWP - News) announced today that it has the public offering of 6,000,000 common units at $29.33 per unit price. Boardwalk expects to close the offering on the 2 June 2011. Boardwalk has granted, up to an additional 900,000 common units purchase a 30-day option the insurance carriers.

In connection with this offer get Boardwalk net proceeds after offers cost of around $173,5 million, proportionate including the general partner of 3.6 million, maintain the General Partner interest of 2% capital contribution. Boardwalk expected net proceeds from the offering, together with the amounts by the general partner, contributed, to loans under the partnership of outstanding repay revolving credit facility, but some or all of the proceeds for general partnership purposes use can, including retirement of other long-term debt.

BofA Merrill Lynch, Citi, j.p. Morgan and Wells Fargo Securities Act Barclays Capital, Bank as joint book-running Manager provides for the joint unit. A copy of the final prospectus supplement relating to this offer - if available - can be obtained from any of the underwriters, including:

Barclays Capital, c/o Broadridge financial solutions, 1155 long Iceland Ave., Edgewood, NY 11717. per phone (888) 603-5847, or via e-Mail at Prospectus Department-Bank of America Merrill Lynch, 4 world financial center, New York, NY 10080, Attn: Or e-Mail Citi, Brooklyn army Terminal, Attn: Prospectus Dept., 140 58th Street, 8th floor, Brooklyn, NY 11220. per phone (800) 831-9146 or by e-Mail at J.p. Morgan, via Broadridge financial solutions, 1155 long Iceland Avenue, Edgewood, NY 11717. phone at (866) 803-9204. or Wells Fargo Securities, Attn: equity syndicate Dept., 375 Park Avenue, New York, NY 10152. per telephone at (800) 326-5897 or by e-Mail at

This press release constitutes neither an offer to sell nor a solicitation of an offer to buy securities or to sell securities in any State or jurisdiction in which solicitation or sale would be such an offer, unlawful prior to registration or qualification under the in any such jurisdiction. The offer is only by the prospectus supplement and accompanying base prospectus, which is in a registration statement, the effective 29 April 2010 has been made.

Boardwalk pipeline partners, LP, is that a limited partnership, through its subsidiaries, Gulf crossing pipeline company LLC, Gulf South pipeline company, LP and Texas gas transmission, LLC, in the interstate transportation and storage of natural gas has worked. Boardwalk's interstate natural gas pipeline systems have about 14,200 miles of pipeline and u-Bahn storage boxes with aggregate capacity of about 167 BCF gas.

This press release contains forward-looking statements regarding the expectations, plans, or prospects for Boardwalk pipeline partners, LP and its subsidiaries. These statements are based on current expectations and beliefs of management and are subject to certain risks and uncertainties, which actual results could differ materially from those described in the forward-looking statements. These risks and uncertainties include, market conditions and other factors outside the instructions juxtapose control of the company and the risk factors and others in den's Boardwalk discussed the US Securities and Exchange Commission filings.

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