Published on 1/6/2023 in the Prospect News Private Placement Daily.
New Issue: Northwest Natural Gas settles $100 million 5.43% first mortgage bonds
By Wendy Van Sickle
Columbus, Ohio, Jan. 6 – Northwest Natural Gas Co. settled a $100 million private placement of 5.43% 30-year first mortgage bonds on Friday, according to an 8-K filed with the Securities and Exchange Commission.
The bonds feature a make-whole call until July 6, 2052 and then become callable at par.
The utility company is based in Portland, Ore., and is a wholly owned subsidiary of Northwest Natural Holding Co.
| Issuer: | Northwest Natural Gas Co.
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| Amount: | $100 million
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| Issue: | First mortgage bonds
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| Maturity: | Jan. 6, 2053
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| Trustee: | Deutsche Bank Trust Co. Americas
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| Coupon: | 5.43%
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| Call: | Make-whole call until July 6, 2052, then a par call
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| Pricing date: | Dec. 13
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| Settlement date: | Jan. 6
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| Distribution: | Private placement
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