El Paso Unit Spends $635M For Cheyenne, Colo. Interstate

Law360, Los Angeles (May 18, 2012, 7:17 PM EDT) -- El Paso Pipeline Partners LP has agreed to acquire Cheyenne Plains Gas Pipeline Co. LLC and the remaining interest in Colorado Interstate Gas Co. LLC for $635 million, EPB said Friday.

EPB has also agreed to assume approximately $245 million of proportional debt, the company said in a statement. The transaction is expected to close contemporaneously with Kinder Morgan Inc.'s acquisition of El Paso Corp. and will be immediately accretive to distributable cash flow, the statement said.

The deal is being funded with approximately $571 million...
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