August 11, 2009 (FinancialWire) — Boardwalk Pipeline Partners, LP (NYSE: BWP) TODAY announced that it plans to offer seven million common units representing limited partner interests in a registered offering. Barclays Capital, Citigroup Global Markets (NYSE: C), J.P. Morgan Securities (NYSE: JPM), Morgan Stanley & Co. (NYSE: MS) and UBS Securities will act as joint book-running managers.

The partnership has also granted the underwriters a 30-day option to purchase up to 1.05 million additional common units.

Boardwalk plans to use the net proceeds of the offering to fund a portion of the cost of its expansion projects, either directly or indirectly by increasing its borrowing capacity available to fund such projects through repayment of indebtedness under its revolving credit facility.

Houston-based Boardwalk Pipeline is engaged, through its subsidiaries in the interstate transportation and storage of natural gas. Boardwalk’s interstate natural gas pipeline systems have around 14,200 miles of pipeline and underground storage fields having aggregate working gas capacity of around 160 Bcf.

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