El Paso Corporation announced today that it has determined the consideration to be paid in connection with its pending cash tender offer to purchase any and all of the four series of notes listed in the table below (the "Any and All Offer"). The Any and All Offer is subject to the terms and conditions set forth in El Paso's Offer to Purchase dated February 23, 2007 (the "Offer to Purchase").
Holders who validly tendered (and did not validly withdraw) notes in the Any and All Offer at or prior to 5:00 p.m., New York City time, on March 8, 2007 will receive the Full Tender Offer Consideration listed in the table below, which amount includes an Early Tender Premium of $20.00 per $1,000 principal amount of notes tendered, and will also receive any accrued and unpaid interest from the last interest payment date for the notes to, but not including, the initial settlement date, which El Paso expects will occur today, March 9, 2007.
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