Hunton Andrews Kurth Advises on American Transmission Company LLC $300 Million Private Placement

Hunton Andrews Kurth LLP advised American Transmission Company LLC (ATC) on the company’s private placement to institutional investors of $300 million aggregate principal amount Senior Notes.

ATC is a Wisconsin-based utility that owns and operates the electric transmission system in portions of Wisconsin, Michigan, Minnesota and Illinois. Formed in 2001 as the nation’s first multi-state transmission-only utility, ATC has invested $4.5 billion to improve the adequacy and reliability of its infrastructure. ATC now owns and operates $4.7 billion in assets, including more than 9,600 miles of transmission lines and 554 substations. 12% of ATC’s ownership is municipal and cooperative utilities, and 88% is investor-owned utilities.

The Hunton Andrews Kurth LLP team included Eric Nedell and Steve Friend.