• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Southern Star Central Corp. Extends Exchange Offer Relating to 6-3/4% Senior Notes

Posted on: Friday, 1 September 2006, 09:00 CDT

OWENSBORO, Ky., Sept. 1 /PRNewswire/ -- Southern Star Central Corp. (Southern Star) today announced that its offer to exchange up to $200,000,000 principal amount of its 6-3/4% Senior Notes due 2016 (the "New Notes"), which have been registered under the Securities Act of 1933, for any and all of the outstanding 6-3/4% Senior Notes due 2016 (the "Old Notes"), has been extended until 5:00 p.m., New York City time, on September 7, 2006. The exchange agent for the exchange offer, The Bank of New York, has advised Southern Star that approximately $198,800,000.00 in aggregate principal amount of the outstanding Senior Notes due 2016 had been tendered as of 5:00 p.m., New York City time, on Thursday, August 31, 2006.

The exchange offer was scheduled to expire at 5:00 p.m. New York City time, on August 31, 2006. Any holder of the Old Notes, who would like to obtain copies of the prospectus and related documents, or with questions regarding the exchange offer, should contact Southern Star's exchange agent, The Bank of New York, N.A., (212) 815-3738. Except for the extension of the expiration date, all of the other terms of the exchange offer remain as set forth in the exchange offer prospectus dated August 3, 2006.

This press release is not an offer to exchange New Notes for the Old Notes or the solicitation of an offer to exchange. Any offer will be made by Southern Star only by means of the exchange offer prospectus.

About Southern Star Central Corp.

Southern Star Central Corp., headquartered in Owensboro, Kentucky, owns Southern Star Central Gas Pipeline, Inc. ("Central"), an interstate natural gas transmission system spanning approximately 6,000 miles in the Midwest and Mid-continent regions of the United States. Southern Star's pipeline facilities are located throughout Kansas, Oklahoma, Nebraska, Missouri, Wyoming, Colorado and Texas. It serves major markets such as the Kansas City metropolitan area, Wichita, Kansas and the Joplin/Springfield, Missouri areas.

Safe Harbor Statement

The information in this release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to anticipated financial performance, management's plans and objectives for future operations, business prospects, outcome of regulatory proceedings, market conditions and other matters. Words such as "anticipate,""believe,""estimate,""expect,""intend,""plan" and "objective" and other similar expressions identify some of the statements that are forward-looking. These statements are based on management's beliefs and assumptions and on information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements. In addition to any assumptions and other factors referred to specifically in connection with such statements, factors that could cause actual results to differ materially from those contemplated in any forward- looking statement include, among others, the following: future utilization of pipeline capacity, which can depend on energy prices and the prices for natural gas available on Central's system, competition from other pipelines and alternative fuels, the general level of natural gas demand, decisions by customers not to renew expiring natural gas transportation contracts, adequate supplies of natural gas, the construction or abandonment of gas customer facilities, weather conditions and other factors beyond Central's control; operational risks and limitations of Central's pipeline system and of interconnected pipeline systems; changes in federal, state or local laws and regulations to which Central is subject, including allowed rates of return and related regulatory matters, and tax, environmental and employment laws and regulations; the ability of Central's customers to pay for its services; the ability to obtain governmental and regulatory approval of various expansion projects; the cost and effects of legal and administrative proceedings; the effect of accounting interpretations and changes in accounting policies; and changes in general economic, market or business conditions.

Other factors and assumptions not identified above may also have been involved in deriving these forward-looking statements, and the failure of those other assumptions to be realized, as well as other factors, may also cause actual results to differ materially from those projected. Central assumes no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward- looking statements.

Southern Star Central Corp.

CONTACT: Media Relations: Rob Carlton, +1-270-852-4500,robert.w.carlton@sscgp.com, or Gayle Hobbs, +1-270-852-4503,gayle.b.hobbs@sscgp.com, Investor Relations: Susanne Harris, +1-270-852-5000,susanne.w.harris@sscgp.com, all of Southern Star

Source: PRNewswire

More News in this Category