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09/15/2011

El Paso Pipeline Partners Announces Pricing of $500 Million Debt Offering

El Paso Pipeline Partners Operating Company, L.L.C., a wholly owned operating subsidiary of El Paso Pipeline Partners, L.P. (NYSE: EPB), today announced it has priced an offering of $500 million of its 5% senior notes due 2021. Net proceeds from the offering will be used to reduce outstanding indebtedness under its revolving credit facility and for general partnership purposes.

J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., BNP Paribas Securities Corp. and Scotia Capital (USA) Inc. are acting as joint book-running managers of the offering. A copy of the prospectus supplement and prospectus relating to this offering may be obtained from any of the underwriters, including:

J.P. Morgan Securities LLC 383 Madison Avenue New York, New York 10179 Attn: High Grade Syndicate Desk Telephone: (212) 834-4533

Deutsche Bank Securities Inc. Attn: Prospectus Department

Harborside Financial Center 100 Plaza One, Floor 2 Jersey City, New Jersey 07311-3988 prospectus.cpdg@db.com Telephone: (800) 503-4611

BNP Paribas Securities Corp. 787 Seventh Avenue New York, New York 10019 Attn: Syndicate Desk Telephone: (800) 854-5674

Scotia Capital (USA) Inc. 1 Liberty Plaza, 25th Floor 165 Broadway

New York, New York 10006 Attn: Debt Capital Markets Telephone: (800) 372-3930

You may also obtain these documents for free when they are available by visiting the Securities and Exchange Commission's web site at www.sec.gov.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

El Paso Pipeline Partners, L.P. is a Delaware limited partnership formed by El Paso Corporation to own and operate natural gas transportation pipelines and storage assets. El Paso Corporation owns a 42 percent limited partner interest, and the 2 percent general partner interest in the partnership. El Paso Pipeline Partners, L.P. owns Wyoming Interstate Company, L.L.C. (WIC), Southern LNG Company, L.L.C. (SLNG), Elba Express Company, L.L.C. (Elba Express), Southern Natural Gas Company, L.L.C. (SNG), and an 86 percent interest in Colorado Interstate Gas Company, L.L.C. (CIG). WIC and CIG are interstate pipeline systems serving the Rocky Mountain region, SLNG owns the Elba Island LNG storage and regasification terminal near Savannah, Georgia, and both Elba Express and SNG are interstate pipeline systems serving the southeastern region of the United States.

Cautionary Statement Regarding Forward-Looking Statements

This press release includes forward-looking statements regarding future events. All forward-looking statements are based on the Partnership's beliefs as well as assumptions made by and information currently available to the Partnership. These statements reflect the Partnership's current views with respect to future events and are subject to various risks, uncertainties and assumptions. These risks, uncertainties and assumptions are discussed in El Paso Pipeline Partners, L.P.'s 2010 annual report on Form 10-K and subsequent filings with the Securities and Exchange Commission.

 

Contact:

Investor-Media Relations
Bruce Connery, (713) 420-5855
Vice President
or
Media Relations
Bill Baerg, (713) 420-2906
Manager

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