Copano Energy LLC and its wholly owned subsidiary, Copano Energy Finance Corp., have satisfied and discharged their outstanding senior notes due 2018.
The satisfaction and discharge involves the redemption of the notes on June 1 at US $1,038.75 per US $1,000 principal amount of the notes, plus any accrued and unpaid interest and the irrevocable deposit in trust by the issuers with U.S. Bank National Association, the trustee, of US $268,863,187.50, such amount being sufficient to pay the aggregate redemption payment.
Copano Energy LLC is a midstream natural gas company with operations in Texas, Oklahoma and Wyoming. Kinder Morgan Energy Partners LP (NYSE: KMP) and Copano completed the previously announced merger pursuant to which Copano became a wholly owned subsidiary of Kinder Morgan. The company is based in Houston.
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