Piedmont Natural Gas to price $300 million of 30-year senior notes

By Lisa Kerner

Charlotte, N.C., July 25 – Piedmont Natural Gas Co., Inc. is expected to price a $300 million offering of senior notes due Nov. 1, 2046, according to a 424B5 filed with the Securities and Exchange Commission on Monday.

The bookrunners are RBC Capital Markets Corp. and Wells Fargo Securities LLC.

U.S. Bancorp Investments Inc. is the co-manager.

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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