HOUSTON -- (Business Wire)
Boardwalk Pipeline Partners, LP (NYSE:BWP) today announced the
expiration of the exchange offer of its wholly-owned subsidiary, Gulf
South Pipeline Company, LP, relating to its outstanding $300,000,000
aggregate principal amount of 4.000% Senior Notes due 2022 (the
"Notes"), which commenced on December 17, 2012.
The exchange offer expired at 5:00 p.m., New York City time, on January
28, 2013. Gulf South expects to deliver an aggregate principal amount of
$292,750,000 of new notes for the old notes accepted for exchange.
Boardwalk Pipeline Partners, LP (NYSE: BWP) is a midstream master
limited partnership that provides transportation, storage, gathering and
processing of natural gas and liquids for its customers. The Partnership
and its subsidiaries operate approximately 14,540 miles of pipelines and
underground storage caverns with an aggregate working gas capacity of
approximately 197 billion cubic feet (Bcf) and liquids capacity of
approximately 20 million barrels. The Partnership is a subsidiary of
Loews Corporation (NYSE: L), which holds 55% of the Partnership’s
equity, excluding incentive distribution rights. Additional information
about the Partnership can be found on its website at www.bwpmlp.com.
This press release contains forward-looking statements relating to
expectations, plans or prospects for Boardwalk Pipeline Partners, LP and
its subsidiaries. These statements are based upon the current
expectations and beliefs of management and are subject to certain risks
and uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. These risks and
uncertainties include market conditions and other factors beyond
Boardwalk Pipeline Partners, LP’s control and the risk factors and other
cautionary statements discussed in Boardwalk’s filings with the U.S.
Securities and Exchange Commission.
Boardwalk Pipeline Partners, LP
Molly Ladd Whitaker, 866-913-2122
Investor Relations and Corporate Communications
Senior Vice President, Chief Financial and
Source: Boardwalk Pipeline Partners, LP
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