Hunton Advises on National Fuel Gas Company’s $1.5B Notes Offering

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Hunton Andrews Kurth LLP represented the underwriters in an SEC-registered offering by National Fuel Gas Company (NFG) of $1.5 billion aggregate principal amount consisting of (i) $500 million aggregate principal amount of 4.75% Notes due 2029, (ii) $500 million aggregate principal amount of 5.05% Notes due 2031 and (iii) $500 million aggregate principal amount of 5.50% Notes due 2036 (collectively, the Notes). NFG intends to use a portion of the net proceeds from the sale of the Notes along with proceeds raised from its prior issuance of 4,402,513 shares of common stock to fund its acquisition of all of the issued and outstanding equity interests of Vectren Energy Delivery of Ohio from CenterPoint Energy Resources Corp. NFG intends to use the remainder of the net proceeds for general corporate purposes, including to repurchase and/or redeem all or a portion of its outstanding $300 million aggregate principal amount of 5.50% Notes due October 2026.

NFG, incorporated in 1902, is a holding company organized under the laws of the State of New Jersey. NFG is a diversified energy company engaged principally in the production, gathering, transportation, storage and distribution of natural gas.

The Hunton team included Michael F. Fitzpatrick, Jr., Adam R. O’Brian, Jingyi “Alice” Yao and Ryan Metz. Robert McNamara, William Freeman and David Kamins provided tax advice.

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