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Piedmont Natural Gas preps $150 million of senior notes due 2025
By Aleesia Forni
Virginia Beach, Sept. 9 – Piedmont Natural Gas Co. Inc. is expected to price a $150 million offering of senior notes due 2025, according to a 424B5 filed with the Securities and Exchange Commission on Wednesday.
The bookrunners are U.S. Bancorp Investments Inc. and BB&T Capital Markets.
Proceeds will be used to finance capital expenditures, to repay outstanding short-term unsecured notes under the company’s commercial paper program and for general corporate purposes.
The natural gas distributor is based in Charlotte, N.C.
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