CORRECTED-Kinder Morgan prices Canadian IPO at C$17 per share - term sheet

Published 2017-05-24, 04:03 p/m
© Reuters.  CORRECTED-Kinder Morgan prices Canadian IPO at C$17 per share - term sheet
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(Corrects the number of shares in second paragraph from 102.94 million to 79.5 million to 92.1 million)

TORONTO, May 24 (Reuters) - Kinder Morgan Inc (NYSE:KMI) KMI.N has priced its Canadian initial public offering at C$17 per share, according to a term sheet of the deal seen by Reuters on Wednesday.

The company had marketed the offer of 79.5 million to 92.1 million shares restricted voting shares in the C$19 to C$22 per share range. Kinder Morgan is set to raise C$1.75 billion ($1.3 billion) in gross proceeds, the term sheet, which was dated May 24, showed. ($1 = 1.3422 Canadian dollars)

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