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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Wednesday, April 24, 9:17 PM
Slide #355. Kinder Morgan — Preferred Stock Offering
| Company: |
Kinder Morgan (NYSE:KMI) |
| Date announced: |
10/27/2015 |
| Security type: |
9.75% Series A Mandatory Convertible Preferred Stock (KMI.PRA) |
| Shares Offered: |
32,000,000 |
| Date of Pricing: |
10/27/2015 |
| Price Per Share: |
$49 |
| Preferred Stock Offering Details: |
We are offering 32,000,000 depositary shares, each of which represents a 1/20th interest in a share of our 9.75% Series A Mandatory Convertible Preferred Stock, $0.01 par value per share, which we refer to in this prospectus supplement as our mandatory convertible preferred stock. The shares of mandatory convertible preferred stock will be deposited with Computershare Trust Company, N.A., as depositary, pursuant to a deposit agreement. Holders of the depositary shares will be entitled to a proportional fractional interest in the rights and preferences of the mandatory convertible preferred stock, including conversion, dividend, liquidation and voting rights, subject to the provisions of such deposit agreement. |
Kinder Morgan is an energy infrastructure company. Co.'s segments are: Natural Gas Pipelines, which owns and operates main interstate and intrastate natural gas pipeline and storage systems, among others; Products Pipelines, which owns and operates refined petroleum products, crude oil and condensate pipelines; Terminals, which owns and/or operates liquids and bulk terminal facilities; and Carbon Dioxide (CO2), which produces, transports and markets CO2, owns and/or operates oil fields and gasoline processing plants in West Texas, owns and operates a crude oil pipeline system in West Texas, and owns and operates renewable natural gas and liquefied natural gas facilities in Indiana. Preferreds: EP.PRC, KMI.PRA
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