The units will trade on the New York Stock Exchange under the symbol ‘EPB’. The underwriters will be granted a 30-day over-allotment option to purchase up to 3.75 million additional common units.
The common units offered to the public will represent 28.9% of the outstanding equity of El Paso Pipeline Partners (EPB), or 33.2% if the underwriters exercise, in full, their over-allotment option.
El Paso Corporation will indirectly own the remaining equity interests in EPB, including common units, subordinated units and a 2% general partner interest.
