On August 18, 2025, Colonial Enterprises, Inc. (“Colonial”) completed the offer and sale of $350 million aggregate principal amount of its 5.627% senior unsecured notes due 2035 in an unregistered offering pursuant to Rule 144A and Reg. S.
Colonial is a provider of interstate common carrier pipeline transportation services that delivers liquid petroleum products, including gasoline, kerosene, home-heating oil, and jet fuel, to cities, airports, and military installations throughout the Southeast, Mid-Atlantic, and Northeast United States. The company owns and operates the largest refined liquid petroleum products pipeline in the United States, based on volume of barrels transported.
The King & Spalding team advising Colonial on the offering consisted of Keith Townsend, Zack Davis, and Nick Markwordt. John Sweet advised on tax matters and Sam Choy advised on ERISA matters.