Ruby Pipeline LLC has brought in PJT Partners and Richards Layton & Finger to advance restructuring talks as time runs out for repaying $475 million of bonds, according to people with knowledge of the situation.
The company, jointly owned by Kinder Morgan Inc. and Pembina Pipeline Corp., has to find a solution for debts due on April 1 after a previous effort came up empty at mid-month. Ruby asked for a forbearance agreement in case negotiations with bondholders stall again, said the people, who asked not to be identified because the matter is private.
The crunch, which revolves around ...
