Kinder Morgan Inc. | 9.75% Series A Mandatory Convertible Preferred Stock (KMI.PRA)
Prospectus excerpt: 32,000,000 Depositary Shares, each of which represents a 1/20th interest in a share of the IssuerĂs 9.75% Series A Mandatory Convertible Preferred Stock (the ˘Mandatory Convertible Preferred Stock÷). At settlement of the Offering, the Issuer will issue 1,600,000 shares of Mandatory Convertible Preferred Stock, subject to the underwritersĂ option to purchase additional Depositary Shares, solely to cover over-allotments.
Kinder Morgan is an energy infrastructure company. Co.'s segments are: Natural Gas Pipelines, which includes the ownership and operation of main interstate and intrastate natural gas pipeline and storage systems, among others; Products Pipelines, which includes the refined petroleum products, crude oil and condensate pipelines; Terminals, which includes the ownership and/or operation of liquids and bulk terminal facilities; and carbon dioxide (CO2), which includes the production, transportation and marketing of CO2, ownership interests in and/or operation of oil fields and gasoline processing plants in West Texas, and the ownership and operation of a crude oil pipeline system in West Texas.