Hunton Andrews Kurth Advises on Nicor Gas Private Placement of $275 Million of First Mortgage Bonds
Hunton Andrews Kurth LLP advised the purchasers in connection with Northern Illinois Gas Company’s (Nicor or the Company) issuance of $50 million aggregate principal amount of its First Mortgage Bonds 4.63% Series Due December 15, 2029 (the “2029 Bonds”), $25 million aggregate principal amount of its First Mortgage Bonds 4.78% Series Due September 15, 2031 (the “2031 Bonds”), $100 million aggregate principal amount of its First Mortgage Bonds 5.00% Series Due September 15, 2034 (the “2034 Bonds”), $31 million aggregate principal amount of its First Mortgage Bonds 5.58% Series Due September 15, 2059 and $69 million aggregate principal amount of its First Mortgage Bonds 5.66% Series Due December 15, 2064 (the “2064 Bonds”), each in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended. The 2031 Bonds, 2034 Bonds and 2059 Bonds were issued on September 4, 2024 and the 2029 Bonds and 2064 Bonds were issued on December 18, 2024.
Nicor is a natural gas distribution company that serves 2.28 million customers in a service territory that encompasses most of the northern third of Illinois, excluding the city of Chicago, and is a wholly-owned subsidiary of Southern Company Gas, which is a wholly-owned, direct subsidiary of The Southern Company. The Company is the largest natural gas distributor in northern Illinois with approximately 34,700 miles of gas distribution, transmission and storage system mains that is connected to eight interstate pipelines.
The Hunton Andrews Kurth team included Steven C. Friend, Patrick C. Jamieson, Michelle G. Chan and Monika M. Dziewa.
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