Hunton Advises on Colonial Enterprises’ $350M Senior Notes Offering
Hunton Andrews Kurth LLP advised the initial purchasers in connection with an offering by Colonial Enterprises, Inc. (Colonial) of $350 million aggregate principal amount of its 5.627% Senior Notes due 2035 (Notes), in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended, to eligible purchasers.
Colonial primarily provides pipeline transportation services through its subsidiary, Colonial Pipeline Company, which is an interstate common carrier that delivers liquid petroleum products, including gasoline, kerosene, home-heating oil, and jet fuel, to cities, airports, and military installations throughout the Southeast, Mid-Atlantic, and Northeast United States. Colonial owns and operates the largest refined liquid petroleum products pipeline in the United States, based on volume of barrels transported. Colonial’s pipeline and storage system spans over 5,500 miles and connects 24 Gulf Coast refineries and 3 Northeast refineries to over 270 terminals across 13 states in the Southeast, Mid-Atlantic, and Northeast regions of the United States and located near major population centers in such regions.
The Hunton team included Peter K. O’Brien, Patrick C. Jamieson, Brendan P. Harney, Monika M. Dziewa, and Jingyi “Alice” Yao. Robert McNamara and William Freeman provided tax advice. Leslie Okinaka provided ERISA advice.
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