Hunton Andrews Kurth Advises the Purchasers on Minnesota Energy Resources Corporation’s Private Placement of $40 Million of Notes

Hunton Andrews Kurth LLP advised the purchasers in connection with Minnesota Energy Resources Corporation’s (MERC) issuance of $40 million aggregate principal amount of its 2.07% notes due December 1, 2028, 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 184 communities throughout the State of Minnesota and is regulated by the Minnesota Public Utilities Commission (“MPUC”). As of December 31, 2020, MERC served approximately 243,300 natural gas customers in Minnesota and had a 2020 average asset base of approximately $360 million. MERC is a wholly-owned subsidiary of WEC Energy Group, Inc.

The Hunton Andrews Kurth team included Bud Ellis, Adam O’Brian, Patrick Jamieson, S. Ashley Jaber and Reuben Pearlman.