Kinder Morgan $1.6 billion stock offer

30/10/2015

Convertible and hybrid securities

Value:

$ 1.6 billion

Status:

Completed

Date:

30/10/2015

Overview:

Kinder Morgan offered 32 million depository shares, worth $1.6 billion.
Each share represented a 1/20th stake in a share of its 9.75% Series A Mandatory Convertible Preferred Stock.

Rani Mehta - Journalist

Jurisdiction:

United States

Deal type:

Convertible and hybrid securities

Practice area:

Capital markets : Equity

Industry sector:

Oil and gas

Firms:

Bracewell

Party: KInder Morgan (Issuer)

Lawyers: Gregory Bopp, Troy Harder

Davis Polk & Wardwell

Party: Consortium of underwriters (Underwriter)

Lawyer: Ray Ibrahim

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