Columbia Pipeline Partners files for initial public offering

Columbia Pipeline Partners LP (CPPL) has filed a registration statement with the Securities and Exchange Commission (SEC) for an initial public offering of CPPL's common units. CPPL intends to apply to list its common units on The New York Stock Exchange under the symbol CPPL.

CPPL was formed by NiSource Inc. to own, operate and develop a portfolio of pipelines, storage and related midstream assets. CPPL's initial assets are expected to consist of a 14.6% interest in CPG OpCo LP, which will own substantially all of the natural gas transmission, storage and midstream assets of NiSource. CPPL expects to launch its initial public offering in Q1 2015.

Barclays and Citigroup will act as the joint book-running managers of the offering. Lazard is also acting as a financial advisor to NiSource. The offering of the common units will be made only by means of a prospectus, which may be obtained (when available) from Barclays and Citigroup.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. The securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities issuable pursuant to the registration statement, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Adapted from press release by Rosalie Starling

Read the article online at: https://www.worldpipelines.com/business-news/30092014/columbia-pipeline-partners-files-for-initial-public-offering-861/