Kinder Morgan Prices $1.25B Senior Notes Offering

TL;DR

KMI just priced $1.25B in notes due 2035 at 5.375% for general corporate stuff.

AI Summary

Kinder Morgan, Inc. announced on December 5, 2024, that it has priced an offering of $1.25 billion aggregate principal amount of senior notes. The notes will mature in 2035 and will bear interest at a rate of 5.375% per annum. The company intends to use the net proceeds from the offering for general corporate purposes, including funding potential acquisitions and capital expenditures.

Why It Matters

This debt issuance provides Kinder Morgan with capital for growth initiatives and general corporate needs, potentially impacting its financial leverage and future investment capacity.

Risk Assessment

Risk Level: medium — Issuing new debt increases financial leverage, which can amplify both gains and losses, and the interest rate reflects current market conditions for corporate borrowing.

Key Numbers

• $1.25B — Senior Notes Offering (Amount raised to fund general corporate purposes.)
• 5.375% — Interest Rate (Cost of borrowing for the new senior notes.)
• 2035 — Maturity Year (When the senior notes are due.)

Key Players & Entities

• Kinder Morgan, Inc. (company) — Registrant
• $1.25 billion (dollar_amount) — Aggregate principal amount of senior notes
• 2035 (date) — Maturity year of senior notes
• 5.375% (dollar_amount) — Interest rate on senior notes
• December 5, 2024 (date) — Date of report

FAQ

Filing Documents

• kmi-20241205.htm (8-K) — 23KB
• kmi-20241205_g1.jpg (GRAPHIC) — 17KB
• 0001506307-24-000124.txt ( ) — 233KB
• kmi-20241205.xsd (EX-101.SCH) — 3KB
• kmi-20241205_def.xml (EX-101.DEF) — 15KB
• kmi-20241205_lab.xml (EX-101.LAB) — 28KB
• kmi-20241205_pre.xml (EX-101.PRE) — 16KB
• kmi-20241205_htm.xml (XML) — 4KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. In accordance with General Instruction B.2. of Form 8-K, the following information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended. On December 5, 2024, Kinder Morgan, Inc. ("KMI") announced that representatives of KMI intend to participate at the Wells Fargo Midstream & Utilities Symposium on December 10, 2024, to discuss the business and affairs of KMI. Materials to be used during the event will be available before 6:00 a.m. Central Time on December 10, 2024, on KMI's website at: https://ir.kindermorgan.com/events-and-presentations/default.aspx. The live presentation for the Wells Fargo Conference is scheduled to begin at 10:15 a.m. Eastern Time on December 10, 2024, and will also be accessible by audio webcast (both live and on-demand) on KMI's website at the same web address. An archived webcast will remain available for 90 days on KMI's website at the above address. 2 S I G N A T U R E Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KINDER MORGAN, INC. Dated: December 5, 2024 By: /s/ David P. Michels David P. Michels Vice President and Chief Financial Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR