Boardwalk Pipeline Partners, LP (NYSE:BWP) today announced that its
wholly owned subsidiary, Texas Gas Transmission, LLC ("Texas Gas"),
priced a private placement of $250 million aggregate principal amount of
5.50% senior notes due 2013. Texas Gas expects the offering to close on
March 27, 2008. Texas Gas plans to use the proceeds from the offering to
fund a portion of the cost of its expansion projects.
The securities have been offered only to qualified institutional buyers
under Rule 144A and to persons outside the United States under
Regulation S. This announcement is neither an offer to sell nor a
solicitation of an offer to buy any of these securities and shall not
constitute an offer, solicitation or sale in any jurisdiction in which
such offer, solicitation or sale is unlawful. These securities have not
been registered under the Securities Act of 1933 or any state securities
laws, and unless so registered, may not be offered or sold except
pursuant to an exemption from the registration requirements of the
Securities Act of 1933 and applicable state securities laws.
Boardwalk Pipeline Partners, LP is a master limited partnership
engaged through its subsidiaries, Texas Gas Transmission, LLC and Gulf
South Pipeline Company, LP, in the interstate transportation and storage
of natural gas. Boardwalk's two interstate natural gas pipeline systems
have approximately 13,550 miles of pipeline and underground storage
fields with aggregate working gas capacity of approximately 155 Bcf.
This press release may include "forward-looking statements" as defined
by federal law. All statements, other than statements of historical
facts, included in this press release that address activities, events or
developments that Boardwalk Pipeline Partners, LP expects, believes or
anticipates will or may occur in the future are forward-looking
statements. These statements are based on certain assumptions made by
Boardwalk Pipeline Partners, LP based on its experience and perception
of historical trends, current conditions, expected future developments
and other factors it believes are appropriate in the circumstances. Such
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the Partnership,
which may cause our actual results to differ materially from those
implied or expressed by the forward-looking statements. Additional
information about issues that could lead to material changes in
performance is contained in Boardwalk Pipeline Partners, LP's annual and
quarterly reports filed with the Securities and Exchange Commission.
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