Oct. 17 (Bloomberg) -- Barclays Plc, the world's top adviser on oil and gas mergers during the past two years, is lending $11.5 billion to junk-rated Kinder Morgan Inc. to help maintain that lead.
The financing commitment will provide Kinder Morgan with the cash needed for a $21.1 billion purchase of El Paso Corp., the largest pipeline takeover in history, Kinder Morgan said in a statement yesterday. Barclays's role on the deal also pushes the London-based bank up to sixth place from eighth among merger and acquisition advisers across all industries worldwide.
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