Underwriters exercise option to buy 1.1 million additional common units

Underwriters buy more El Paso Pipeline units

HOUSTON — El Paso Pipeline Partners said Wednesday that underwriters of its common unit offering exercised their right to buy about 1.1 million additional units, bumping up the total amount the company raised from the offering to $236.1 million.

El Paso Pipeline Partners offered 8.75 million common units at a price of $24.48 per unit in a deal that closed Tuesday. The natural gas transportation company said underwriters exercised their option to purchase the additional 1.1 million shares at $24.48 per unit.

The overallotment option is expected to close Friday.

Shares of El Paso Pipeline Partners closed up 12 cents at $24.88.