FWP 1 a08-15781_1fwp.htm FWP

Filed Pursuant to Rule 433

Registration No. 333-141491

June 3, 2008

 

KINDER MORGAN ENERGY PARTNERS, L.P.

5.950% Senior Notes due 2018 (Re-opening)

 

Issuer:

 

Kinder Morgan Energy Partners, L.P.

Ratings:

 

Baa2 (Stable) / BBB (Stable) / BBB (Stable)

Note type:

 

Senior Unsecured Notes

Maturity:

 

10 years

Minimum denomination:

 

$1,000

Pricing date:

 

June 3, 2008

The notes constitute a further issuance of, will form a single series with, will have the same CUSIP number as and will trade interchangeably with the $600 million aggregate principal amount of 5.95% senior notes due 2018 issued by the Issuer on February 12, 2008

Settlement date:

 

June 6, 2008

Maturity date:

 

February 15, 2018

Principal amount:

 

$375,000,000

Benchmark:

 

T 3.875% due 5/15/18

Benchmark yield:

 

3.886%

Re-offer spread:

 

+ 230 bps

Re-offer yield to maturity:

 

6.186%

Coupon:

 

5.950%

Public offering price:

 

98.287% plus $7,065,625 accrued interest from February 12, 2008 to the settlement date

Optional redemption:

 

Make whole call T+ 40 bps

Interest payment dates:

 

February 15 and August 15, beginning August 15, 2008

CUSIP / ISIN:

 

494550AY2 / US494550AY25

Joint Bookrunning Managers:

 

Wachovia Capital Markets, LLC

Banc of America Securities LLC

Deutsche Bank Securities Inc.

Senior Co-Managers:

 

DnB NOR Markets, Inc.

 

Goldman, Sachs & Co.

 

Lazard Capital Markets LLC

 

Merrill Lynch, Pierce, Fenner & Smith Incorporated

 

Greenwich Capital Markets, Inc.

 

SunTrust Robinson Humphrey, Inc.

Co-Managers:

 

Barclays Capital Inc.

 

BNP Paribas Securities Corp.

 

Commerzbank Capital Markets Corp.

 

Daiwa Securities America Inc.

 

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The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at http://www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free Wachovia Capital Markets, LLC at (800) 326-5897, Banc of America Securities LLC toll-free at 1-800-294-1322 and Deutsche Bank Securities Inc. at (800) 503-4611.

 


 

KINDER MORGAN ENERGY PARTNERS, L.P.

6.950% Senior Notes due 2038 (Re-opening)

 

Issuer:

 

Kinder Morgan Energy Partners, L.P.

Ratings:

 

Baa2 (Stable) / BBB (Stable) / BBB (Stable)

Note type:

 

Senior Unsecured Notes

Maturity:

 

30 years

Minimum denomination:

 

$1,000

Pricing date:

 

June 3, 2008

The notes constitute a further issuance of, will form a single series with, will have the same CUSIP number as and will trade interchangeably with the $850 million aggregate principal amount of 6.95% senior notes due 2038 issued by the Issuer on June 21, 2007 and February 12, 2008

Settlement date:

 

June 6, 2008

Maturity date:

 

January 15, 2038

Principal amount:

 

$325,000,000

Benchmark:

 

T 5.000% due 5/15/37

Benchmark yield:

 

4.593%

Re-offer spread:

 

+ 240 bps

Re-offer yield to maturity:

 

6.993%

Coupon:

 

6.950%

Public offering price:

 

99.455% plus $8,846,771 accrued interest from January 15, 2008 to the settlement date

Optional redemption:

 

Make whole call T+ 30 bps

Interest payment dates:

 

January 15 and July 15, beginning July 15, 2008

CUSIP / ISIN:

 

494550AW6 / S494550AW68

Joint Bookrunning Managers:

 

Wachovia Capital Markets, LLC


Banc of America Securities LLC


Deutsche Bank Securities Inc.

Senior Co-Managers:

 

DnB NOR Markets, Inc.

 

Goldman, Sachs & Co.

 

Lazard Capital Markets LLC

 

Merrill Lynch, Pierce, Fenner & Smith Incorporated

 

Greenwich Capital Markets, Inc.

 

SunTrust Robinson Humphrey, Inc.

Co-Managers:

 

Barclays Capital Inc.

 

BNP Paribas Securities Corp.

 

Commerzbank Capital Markets Corp.

 

Daiwa Securities America Inc.

 

************************

 

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at http://www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free Wachovia Capital Markets, LLC at (800) 326-5897, Banc of America Securities LLC toll-free at 1-800-294-1322 and Deutsche Bank Securities Inc. at (800) 503-4611.