A group of senior unsecured noteholders of bankrupt gas pipeline owner Ruby Pipeline LLC told a Delaware judge Monday that the Chapter 11 case was filed by the debtor and its equity sponsors to exert leverage over the noteholders in repayment negotiations.
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Houston-based Ruby Pipeline, a 683-mile-long natural gas pipeline joint venture between Kinder Morgan Inc. and Pembina Pipeline Corp., has filed for chapter 11 protection on March 31 in Delaware to restructure debt.
Ruby Pipeline LLC, the 1.5 Bcf/d natural gas system that moves supply from Wyoming to Oregon, has filed for voluntary bankruptcy to reorganize and relieve
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