Kinder Morgan's big deal could be a buying opportunity, says CreditSights

Monday, October 17, 2011

Kinder Morgan’s planned acquisition of El Paso, announced on Sunday, will see the gas pipeline operator’s debt balloon from $3.2 billion to $14.5 billion, probably leading to a sell-off in the company’s bonds

Comment by: Anonymous. Posted 12 years ago [2011-10-18 01:21:19]

Bear in mind that Kinder Morgan is assuming $17 billion (?) of El Paso debt which had been below IG. It's not a stretch to assume the Kinder Morgan debt would weaken.

CLOs

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