Hunton Andrews Kurth LLP advised the purchasers in connection with Minnesota Energy Resources Corporation’s (MERC) issuance of $50 million aggregate principal amount of its 5.20% Senior Notes due May 1, 2030, in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended.

MERC is a public utility engaged in the distribution of natural gas in 194 communities throughout the State of Minnesota and is regulated by the Minnesota Public Utilities Commission (“MPUC”). As of December 31, 2024, MERC served approximately 254,000 natural gas customers in Minnesota and had a 2024 average asset base of approximately $475 million. MERC is a wholly owned subsidiary of Integrys, which in turn is a wholly-owned subsidiary of WEC Energy Group.

The Hunton team included Adam R. O’Brian, Monika M. Dziewa and Gabrielle Kraushaar.