Boardwalk Pipelines, LP $250 million Sr. Notes Offering Due November 2016
| Issuer: | Boardwalk Pipelines, LP | |
| Guarantor: | Boardwalk Pipeline Partners, LP | |
| Ratings: | Baa2 / BBB | |
| Format: | SEC Registered | |
| Security Type: | Senior Securities | |
| Ranking: | Direct, unsecured and unsubordinated general obligations of the issuer, with the same rank in liquidation as all of its other unsecured and unsubordinated debt | |
| Size: | $250,000,000 | |
| Pricing Benchmark: | UST 4.625% due 11/16 | |
| Benchmark Yield: | 4.655% | |
| Spread to Benchmark: | 1.250% | |
| Coupon: | 5.875% | |
| Reoffer Price: | 99.777% | |
| Reoffer Yield to Maturity: | 5.905% | |
| Public Offering Price: | 99.777% | |
| Trade Date: | November 16, 2006 | |
| Settlement Date: | November 21, 2006 (T + 3) | |
| Maturity: | November 15, 2016 | |
| Optional Maturity: | Anytime at a make whole call of T + 20 bps | |
| Coupon Payment Date: | May 15 and November 15 of each year | |
| Minimum Denominations: | USD 1,000 | |
| Bookrunner: | Merrill Lynch & Co. | |
| Co-managers: | Deutsche Bank Securities and JPMorgan | |
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The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free
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