Aug 21 (Reuters) - Kinder Morgan Inc (NYSE:KMI) KMI.N :
* PRESS RELEASE - KINDER MORGAN AGREES TO SELL U.S. PORTION OF COCHIN PIPELINE AND ITS 70 PERCENT INTEREST IN KML TO PEMBINA PIPELINE CORPORATION
* KINDER MORGAN - INITIALLY, PROCEEDS FROM SALE WILL BE USED TO REDUCE NET DEBT
* KINDER MORGAN INC - WOULD EXPECT TO END 2019 WITH A NET DEBT-TO-ADJUSTED EBITDA RATIO OF APPROXIMATELY 4.4 TIMES
* KINDER MORGAN INC - TO RECEIVE US$1.546 BILLION AND APPROXIMATELY 25 MILLION SHARES IN PEMBINA FOR A COMBINED VALUE OF APPROXIMATELY US$2.5 BILLION