By Cristal Cody
Tupelo, Miss., June 14 – Dominion Energy Gas Holdings, LLC sold $500 million of three-year floating-rate senior notes (A2/BBB+/A-) on Thursday at par to yield Libor plus 60 basis points, according to an FWP filing with the Securities and Exchange Commission.
Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and U.S. Bancorp Investments, Inc. were the bookrunners.
Proceeds will be used for general corporate purposes and to repay short-term debt, including commercial paper.
Dominion Energy Gas Holdings is a Richmond, Va.-based natural gas company and subsidiary of Dominion Energy Inc.
| Issuer: | Dominion Energy Gas Holdings, LLC
|
| Amount: | $500 million
|
| Maturity: | June 15, 2021
|
| Securities: | 2018 series A floating-rate senior notes
|
| Bookrunners: | Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and U.S. Bancorp Investments, Inc.
|
| Coupon: | Libor plus 60 bps
|
| Price: | Par
|
| Yield: | Libor plus 60 bps
|
| Call feature: | None
|
| Trade date: | June 14
|
| Settlement date: | June 19
|
| Ratings: | Moody’s: A2
|
| S&P: BBB+
|
| Fitch: A-
|
| Distribution: | SEC Registered
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
