Simpson Thacher represented the initial purchasers in connection with the offering by NGPL PipeCo LLC (“NGPL”) of $725 million aggregate principal amount of 3.25% Senior Notes due 2031 pursuant to Rule 144A and Regulation S. NGPL intends to use the net proceeds from the offering to refinance existing debt.
NGPL, through its subsidiaries, owns one of the largest interstate pipeline systems in the country with approximately 9,100 miles of pipeline, approximately one million horsepower of compressor facilities and approximately 288 billion cubic feet of working gas storage capacity. NGPL is jointly owned by Kinder Morgan, Inc., Brookfield Infrastructure Partners L.P. and ArcLight Capital Partners, LLC, and Kinder Morgan, Inc. operates NGPL.
The Simpson Thacher team included, among others, Brian E. Rosenzweig, Arielle L. Katzman, Margaret Selbe and Analilia Gomez (Capital Markets); Nancy L. Mehlman and Nicole M. Humphrey (Tax); Michael Isby (Environmental); Jennifer A. Neilsson (Executive Compensation and Employee Benefits); and Jennie Getsin (Blue Sky).