-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LL/LFrdmsqZkaiqvawVWc58hpO+AihUZEj0/16y6cxElhwVYn3dE36FJMlLUNylv qoI8bn+GcNtyjCZLmPjsWQ== 0001104659-07-076366.txt : 20071023 0001104659-07-076366.hdr.sgml : 20071023 20071023155707 ACCESSION NUMBER: 0001104659-07-076366 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20071023 DATE AS OF CHANGE: 20071023 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PANHANDLE EASTERN PIPE LINE CO LP CENTRAL INDEX KEY: 0000076063 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 440382470 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-137998-01 FILM NUMBER: 071185702 BUSINESS ADDRESS: STREET 1: 5444 WESTHEIMER ROAD CITY: HOUSTON STATE: TX ZIP: 77056-5306 BUSINESS PHONE: 713-989-7000 MAIL ADDRESS: STREET 1: 5444 WESTHEIMER ROAD CITY: HOUSTON STATE: TX ZIP: 77056-5306 FORMER COMPANY: FORMER CONFORMED NAME: PANHANDLE EASTERN PIPE LINE CO LLC DATE OF NAME CHANGE: 20040420 FORMER COMPANY: FORMER CONFORMED NAME: PANHANDLE EASTERN PIPE LINE CO DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PANHANDLE EASTERN PIPE LINE CO LP CENTRAL INDEX KEY: 0000076063 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 440382470 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 5444 WESTHEIMER ROAD CITY: HOUSTON STATE: TX ZIP: 77056-5306 BUSINESS PHONE: 713-989-7000 MAIL ADDRESS: STREET 1: 5444 WESTHEIMER ROAD CITY: HOUSTON STATE: TX ZIP: 77056-5306 FORMER COMPANY: FORMER CONFORMED NAME: PANHANDLE EASTERN PIPE LINE CO LLC DATE OF NAME CHANGE: 20040420 FORMER COMPANY: FORMER CONFORMED NAME: PANHANDLE EASTERN PIPE LINE CO DATE OF NAME CHANGE: 19920703 FWP 1 a07-26898_3fwp.htm FWP

 

Filed Pursuant to Rule 433

Registration No. 333-137998

October 23, 2007

 

Panhandle Eastern Pipe Line Company, LP

Pricing Term Sheet

6.200% Senior Notes due 2017

 

The following information supplements the Preliminary Prospectus Supplement dated October 23, 2007, and is filed pursuant to Rule 433, under Registration No. 333-137998

 

Issuer:

 

Panhandle Eastern Pipe Line Company, LP

Security Type:

 

Senior Unsecured Notes

Ratings (Moody’s / S&P / Fitch):

 

Baa3 / BBB- / BBB

Pricing Date:

 

October 23, 2007

Settlement Date:

 

October 26, 2007

Maturity Date:

 

November 1, 2017

Principal Amount:

 

$300,000,000

Benchmark:

 

T 4.750% due August 15, 2017

Benchmark Yield:

 

4.415%

Re-offer Spread to Benchmark:

 

+ 182 bps

Yield to Maturity:

 

6.235%

Coupon:

 

6.200%

Public Offering Price:

 

99.741%

Optional Redemption:

 

T + 30 bps

Interest Payment Dates:

 

May 1 and November 1, beginning May 1, 2008

CUSIP / ISIN:

 

698455AA0 / US698455AA09

Joint Bookrunning Managers:

 

Banc of America Securities LLC
J.P. Morgan Securities Inc.
Wachovia Capital Markets, LLC

 

 

 

Co-Managers:

 

Calyon Securities (USA) Inc.
Lazard Capital Markets LLC
Wells Fargo Securities, LLC
The Williams Capital Group, L.P.

 

The issuer and its parent, Southern Union Company, have filed a registration statement (including a base prospectus) and a prospectus supplement with the U.S. Securities and Exchange Commission (SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus supplement for this offering, the issuer’s prospectus in that registration statement and any 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 searching the SEC online data base (EDGAR) on the SEC web site at http://www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus supplement and prospectus if you request it by calling Banc of America Securities LLC toll-free at 1-800-294-1322, J.P. Morgan Securities Inc. collect at 212-834-4533 or Wachovia Capital Markets, LLC toll-free at 1-866-289-1262.

 

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