Nicor Gas Private Placement of $200 million of First Mortgage Bonds
Hunton & Williams LLP advised the purchasers in connection with Northern Illinois Gas Company’s (Nicor or the Company) issuance of $100 million aggregate principal amount of its First Mortgage Bonds due 2047 and $100 million aggregate principal amount of its First Mortgage Bonds due 2057, each in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended. This issuance is in addition to the Company’s issuance of $200 million aggregate principal amount of First Mortgage Bonds in August 2017.
Nicor is a natural gas distribution company that serves 2.2 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 (formerly known as AGL Resources Inc.). Nicor transports and stores gas for approximately 195,000 commercial and industrial customers in addition to its over 2 million residential customers. The Company is the largest natural gas distributor in northern Illinois with approximately 34,300 miles of gas mains and pipelines including a 33,000 mile distribution system that is part of a network of eight interstate pipelines.
The Hunton & Williams team included Bud Ellis, Steve Friend, Adam O’Brian, Patrick Jamieson and Soyung Kang.
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