Gulf South Extends 4.000% Senior Notes Exchange Offer

  Gulf South Extends 4.000% Senior Notes Exchange Offer

Business Wire

HOUSTON -- January 23, 2013

Boardwalk Pipeline Partners, LP (NYSE:BWP) today announced that its
wholly-owned subsidiary, Gulf South Pipeline Company, LP, has extended the
expiration date for its previously announced exchange offer relating to its
outstanding $300,000,000 aggregate principal amount of 4.000% Senior Notes due
2022 (the "Notes"), which commenced on December 17, 2012.

The exchange offer, which was initially scheduled to expire at 5:00 p.m., New
York City time, on January 22, 2013, has been extended until 5:00 p.m., New
York City time, on Monday, January 28, 2013. Holders of Notes previously
tendered for exchange shall have the right to withdraw tenders of Notes at any
time prior to the expiration of the exchange offer. As of January 22, 2013,
holders of $292,750,000, or 97.58%, of the outstanding principal amount of the
Notes have tendered their Notes for exchange.

Boardwalk Pipeline Partners, LP (NYSE: BWP) is a midstream master limited
partnership that provides transportation, storage, gathering and processing of
natural gas and liquids for its customers. The Partnership and its
subsidiaries operate approximately 14,540 miles of pipelines and underground
storage caverns with an aggregate working gas capacity of approximately 197
billion cubic feet (Bcf) and liquids capacity of approximately 20 million
barrels. The Partnership is a subsidiary of Loews Corporation (NYSE: L), which
holds 55% of the Partnership’s equity, excluding incentive distribution
rights. Additional information about the Partnership can be found on its
website at

This press release contains forward-looking statements relating to
expectations, plans or prospects for Boardwalk Pipeline Partners, LP and its
subsidiaries. These statements are based upon the current expectations and
beliefs of management and are subject to certain risks and uncertainties that
could cause actual results to differ materially from those described in the
forward-looking statements. These risks and uncertainties include market
conditions and other factors beyond Boardwalk Pipeline Partners, LP’s control
and the risk factors and other cautionary statements discussed in Boardwalk’s
filings with the U.S. Securities and Exchange Commission.


Boardwalk Pipeline Partners, LP
Molly Ladd Whitaker, 866-913-2122
Director, Investor Relations and Corporate Communications
Jamie Buskill, 713-479-8082
Senior VP, Chief Financial and Administrative Officer
Press spacebar to pause and continue. Press esc to stop.