Columbia Pipeline Partners LP Closes Initial Public Offering

HOUSTON, Feb. 11, 2015 /PRNewswire/ -- Columbia Pipeline Partners LP (the "Partnership"), a NiSource Inc. (NYSE: NI) company, today announced the closing of its initial public offering of 46,811,398 common units representing limited partner interests in the Partnership at $23.00 per common unit. In addition to the common units issued at closing, 7,021,709 common units were issued pursuant to the full exercise of the underwriters' option to purchase additional common units at the initial public offering price. The common units began trading on the New York Stock Exchange (NYSE) on February 6, 2015 under the symbol "CPPL."

The public owns an approximate 53.5% limited partner interest in the Partnership. Columbia Energy Group owns the remaining approximate 46.5% limited partner interest in the Partnership, the general partner of the Partnership and the Partnership's incentive distribution rights.

Barclays and Citigroup acted as joint book-running managers and structuring agents for the offering. BofA Merrill Lynch, Goldman, Sachs & Co., J.P Morgan, Morgan Stanley and Wells Fargo Securities also acted as joint book-running managers. BNP PARIBAS, Credit Suisse, RBC Capital Markets, Fifth Third Securities, KeyBanc Capital Markets, MUFG, Mizuho Securities, Scotia Howard Weil and Huntington Investment Company acted as co-managers for the offering.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission (the "SEC") and declared effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, or any solicitation of an offer to buy, these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering of these securities is being made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. A copy of the final prospectus may be obtained from:

Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
[email protected]
Toll-Free: (888) 603-5847

Citigroup Global Markets Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
[email protected]
Toll-Free: (800) 831-9146

You may also obtain a copy of the final prospectus free of charge at the SEC's website, www.sec.gov, under the registrant's name "Columbia Pipeline Partners LP."

About Columbia Pipeline Partners

Columbia Pipeline Partners LP (CPPL) is a fee-based, growth-oriented master limited partnership based in Houston, Texas, formed to own, operate and develop a growing portfolio of natural gas pipelines, storage and related midstream assets.

CPPL's business and operations are conducted through CPG OpCo LP, which owns and operates substantially all of the natural gas transmission, storage and midstream assets of Columbia Pipeline Group.  NI-F 

This release may include "forward-looking statements" within the meaning of federal securities laws. Such forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Partnership's control. All statements, other than historical facts included in this release, are forward-looking statements. All forward-looking statements speak only as of the date of this release. Although the Partnership believes that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions or expectations will be achieved. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements.

The Partnership's business and any offering may be influenced by many factors that are difficult to predict, involve uncertainties that may materially affect actual results and are often beyond the Partnership's control. These factors include, but are not limited to, changes to business plans as circumstances warrant. For a full discussion of these risks and uncertainties, please refer to the "Risk Factors" section of the Partnership's Registration Statement on Form S-1 and the information included in subsequent filings it makes with the SEC. The Partnership refers you to those discussions for further information.

SOURCE Columbia Pipeline Partners LP

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