Hunton Andrews Kurth Advises the Purchasers on Michigan Gas Utilities Corporation Private Placement of $25 Million Senior Notes
Hunton Andrews Kurth LLP advised the purchasers in connection with Michigan Gas Utilities Corporation’s (MGU) issuance of (i) $10 million aggregate principal amount of 4.85% Senior Notes due November 1, 2029 and (ii) $15 million aggregate principal amount of 5.23% Senior Notes due November 1, 2034 in a private placement transaction under Section 4(a)(2) of the Securities Act of 1933, as amended.
MGU is a public utility engaged in the distribution of natural gas for 151 communities in southern and western Michigan and is regulated by the Michigan Public Service Commission. As of December 31, 2023, MGU served approximately 184,900 natural gas customers in Michigan and had a 2023 average rate base of approximately $373 million. MGU is a wholly-owned subsidiary of Integrys, which in turn is a wholly-owned subsidiary of WEC Energy Group.
The Hunton Andrews Kurth team included Adam R. O’Brian, Patrick C. Jamieson, Monika M. Dziewa and Josh Van Kirk.
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