Bloomberg Law
March 30, 2022, 7:19 PM

Kinder Morgan’s Ruby Pipeline Taps Advisers as Deadline Nears

Rachel Butt
Rachel Butt
Bloomberg News

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 ...