NYSE:KMIOil and Gas
Kinder Morgan Extends Credit Facility To 2031 And Expands Liquidity Options
Kinder Morgan (NYSE:KMI) has amended and restated its revolving credit facility.
The maturity of the facility is now extended to 2031.
The amendment significantly increases the available swingline loan capacity.
Kinder Morgan, trading at $31.44, is making an adjustment to its core funding tools that could matter for how you think about its balance sheet. The stock is up 13.5% year to date and 14.6% over the past year, with longer term gains described as very large over 3 and 5 years, which...