Kinder Morgan, Inc. (NYSE: KMI) today announced that the underwriters of its recently completed public offering of 58,000,000 common shares by “selling stockholders” have exercised in full their option to purchase an additional 8,700,000 common shares. Barclays and Deutsche Bank Securities acted as the underwriters for the offering. The exercise price for the additional common shares is $34.51 per share, the same as the price at which the 58,000,000 common shares were sold to the underwriters.
All of the common shares being sold in this offering are being sold by the “selling stockholders,” which consist of investment funds affiliated with Goldman, Sachs & Co., The Carlyle Group and Riverstone Holdings LLC. Neither KMI nor KMI’s management is selling any common shares, and KMI will not receive any proceeds from the sale of shares by the selling stockholders.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
Kinder Morgan is the largest midstream and the third largest energy company in North America with a combined enterprise value of approximately $100 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, CO
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
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 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's Forms 10-K and 10-Q as filed with the Securities and Exchange Commission.