Simpson Thacher Represents Administrative Agent in Connection With Financings for Kinder Morgan
09.01.21
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The Firm represented the administrative agent and the lenders in connection with a new $3.5 billion revolving credit facility for Kinder Morgan, Inc. (NYSE: KMI) and an amendment to Kinder Morgan’s existing revolving facility reducing commitments to $500 million. Proceeds from the financings will be used for the company’s working capital needs and for other general corporate purposes, including the repayment of existing debt.
Kinder Morgan is one of the largest energy infrastructure companies in North America. They own an interest in or operate approximately 83,000 miles of pipelines and 144 terminals. Their pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and their terminals store and handle various commodities including gasoline, diesel fuel, chemicals, biodiesel, ethanol, metals and petroleum coke.
The Simpson Thacher team included Patrick Ryan, Christine Marshall and James Crisp (Banking and Credit); and Benjamin Rippeon and Gurnaina Chawla (Tax).