By Wendy Van Sickle
Columbus, Ohio, April 6 – South Jersey Industries, Inc.’s South Jersey Gas unit priced a $525 million private placement loan note on April 1, according to a news release.
Of the total, $400 million was drawn at closing to refinance a maturing term loan and $125 million was drawn on a six-month delay, which will assist in funding capital expenditures planned for 2020.
Hammonton, N.J.-based South Jersey is a publicly held energy services holding company for a natural gas utility and other non-regulated companies.
| Issuer: | South Jersey Gas
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| Issue: | Private placement loan notes
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| Amount: | $525 million
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| Pricing date: | April 1
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| Settlement date: | April 16
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