4:13p ET August 10, 2009 (Business Wire)
Boardwalk Pipeline Partners, LP (NYSE:BWP) today announced that it plans to offer 7,000,000 common units representing limited partner interests in a registered offering. The Partnership has also granted the underwriters a 30-day option to purchase up to 1,050,000 additional common units. Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Morgan Stanley & Co. Incorporated, and UBS Securities LLC will act as joint book-running managers of this offering. Boardwalk plans to use the net proceeds of the offering, to fund a portion of the cost of its expansion projects, either directly, or indirectly by increasing its borrowing capacity available to fund such projects through repayment of indebtedness under its revolving credit facility.