Chicago, July 15 – Northwest Natural Gas Co. entered into a bond purchase agreement with institutional investors on Friday for $140 million of 4.78% first mortgage bonds due 2052, according to an 8-K filing with the Securities and Exchange Commission.
The notes will be redeemable early at NW Natural’s option with a make-whole premium until six months before the maturity date. After March 30, 2052 the notes can be called at par.
The notes are being distributed in reliance on section 4(a)(2).
The utility company is based in Portland, Ore. The issuer is a wholly owned subsidiary of Northwest Natural Holding Co.
Issuer: | Northwest Natural Gas Co.
|
Amount: | $140 million
|
Issue: | First mortgage bonds
|
Maturity: | Sept. 30, 2052
|
Coupon: | 4.78%
|
Call features: | Make-whole call until March 30, 2052; thereafter at par
|
Trade date: | July 15
|
Issue date: | Sept. 30
|
Distribution: | Section 4(a)(2)
|
|
|
|
© 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.