8-KOther EventsExhibits & Filings

KINDER MORGAN, INC. 8-K Report, Corporate Update (Aug 21, 2019)

Filed August 21, 2019For Securities:KMIEP-PC

Summary

Kinder Morgan, Inc. (KMI) announced on August 21, 2019, a significant strategic transaction involving its pipeline assets and Canadian subsidiary. KMI has agreed to sell the U.S. portion of its Cochin Pipeline to Pembina Pipeline Corporation. Concurrently, KMI's subsidiary, Kinder Morgan Canada Limited (KML), has entered into an Arrangement Agreement with Pembina, whereby Pembina will acquire all outstanding common equity of KML. These transactions represent a divestiture of certain assets and a potential exit from its Canadian operations for KMI. Investors should closely monitor the details of these agreements, particularly the valuation and terms of the sale of the Cochin Pipeline's U.S. segment and the acquisition of KML by Pembina. Further information regarding the proposed transaction, including financial details and implications, will be provided in KML's upcoming proxy statement.

Key Highlights

  • 1KMI is selling the U.S. portion of its Cochin Pipeline to Pembina Pipeline Corporation.
  • 2KMI's subsidiary, Kinder Morgan Canada Limited (KML), has agreed to be acquired by Pembina.
  • 3This transaction signifies a strategic shift, potentially involving divestiture of U.S. pipeline assets and exiting Canadian operations.
  • 4The acquisition of KML by Pembina is structured as an Arrangement Agreement.
  • 5Further details and important information for investors will be available in KML's forthcoming proxy statement.
  • 6The proposed transaction is expected to involve an offering and sale of Pembina shares exempt from registration under the Securities Act.

Frequently Asked Questions

This 8-K filing announces Kinder Morgan, Inc.'s (KMI) agreement to sell the U.S. portion of its Cochin Pipeline to Pembina Pipeline Corporation and KMI's subsidiary, Kinder Morgan Canada Limited (KML), entering into an Arrangement Agreement to be acquired by Pembina.

The filing does not provide specific financial terms or valuations for the transactions. Investors will need to refer to the upcoming proxy statement from KML and potentially other filings for detailed financial information and the impact on KMI's balance sheet and future earnings.

Investors should look for KML to file a proxy statement and other relevant materials with the SEC. These documents will contain important information about the proposed transaction and will be available on the SEC's website and KML's investor relations page.

This filing specifically addresses the sale of the U.S. portion of the Cochin Pipeline and the acquisition of KML. It does not provide information about potential impacts on other KMI U.S. operations. Investors should consult subsequent filings for any broader strategic implications.