El Paso Corporation announced the expiration and final results of its previously announced cash tender offers to purchase notes of each of the series listed in the table below. The tender offers expired at 12:00 midnight, New York City time, on March 22, 2007. $2,590,990,000 in aggregate principal amount of notes were validly tendered and accepted for purchase in the tender offers. $627,089,000 aggregate principal amount of such notes were purchased by El Paso on the early settlement date, which was March 9, 2007. El Paso expects final settlement of the tender offers to occur today.
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Citigroup Corporate and Investment Banking, Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated served as lead dealer managers for the tender offers and Global Bondholder Services Corporation served as the depositary and information agent for the tender offers.
El Paso Corporation provides natural gas and related energy products in a safe, efficient, and dependable manner. El Paso owns North America's largest natural gas pipeline system and one of North America's largest independent natural gas producers. For more information, visit http://www.elpaso.com .
Cautionary Statement Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements are based on assumptions that the Company believes to be reasonable. However, actual results almost always vary from assumed facts and the differences can be material, depending upon the circumstances. As a result, you should not place undue reliance on such forward-looking statements. The words "believe," "expect," "estimate," "anticipate" and similar expressions will generally identify forward-looking statements. All of the Company's forward-looking statements, whether written or oral, are expressly qualified by these cautionary statements and any other cautionary statements that may accompany such forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date of this release.
With this in mind, you should consider the risks discussed in the Offer to Purchase, under the caption "Risk Factors" in El Paso's Annual and Quarterly Reports on Forms 10-K and 10-Q and in the other documents the Company files with the SEC from time to time, which could cause actual results to differ materially from those expressed in any forward-looking statement made by the Company or on the Company's behalf.
Source: El Paso Corporation
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