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Ticker:NRGP
Company Name: Inergy Holdings, L.P.

Business Overview from 10-K filing for Inergy Holdings, L.P.:

On August 9, 2005, in connection with Inergy’s purchase of Central New York Oil and Gas, LLC and eCORP Marketing, LLC (the “Stagecoach Acquisition”) we borrowed $25 million under a term loan from a bank and purchased from Inergy, for $25 million, 769,941 special units (the “Inergy Special Units”), representing a new class of equity securities in Inergy that are not entitled to a current cash distribution and will convert into common units of Inergy (“Inergy Common Units”) at a specified conversion rate upon the commercial operation of the Stagecoach expansion project as described below. The Inergy Special Units were issued to fund the announced $25 million acquisition of the rights to the Phase II expansion project of the Stagecoach natural gas storage facility (“Stagecoach Expansion Project”). Since Inergy, L.P. is consolidated in the financial statements of Inergy Holdings, L.P.     

View the full NRGP chart at Wikinvest

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