Copano Noteholders OK Tweak For $3.3B Kinder Morgan Deal

Law360, New York (April 17, 2013, 9:27 PM EDT) -- Copano Energy LLC's noteholders have approved changes to the indentures covering $506 million in bonds, the company said Wednesday, smoothing the transition of the debt to Kinder Morgan Inc., which is buying the pipeline company for $3.3 billion.

The tweaks will allow Kinder Morgan, instead of Copano, to report any future changes in the notes to bondholders, to the U.S. Securities & Exchange Commission and to U.S. Bank NA as trustee. They also make Kinder Morgan the unconditional guarantor of the notes, which mature in 2021....
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