PF Archive

El Paso and GIP launch Ruby bank/bond refinancing

03 11 2011

El Paso Corporation and Global Infrastructure Partners have launched the $1.425 billion bank and bond refinancing of the Ruby pipeline. The financing is likely to break down into $1.075 billion of bonds with a variety of maturities, and a $350 million five-year amortising bank loan. The debt is expected to price before the end of the week,...