By Marisa Wong
Morgantown, W.Va., Nov. 29 – Vectren Corp. wholly owned subsidiary Vectren Utility Holdings, Inc. issued $100 million of series B guaranteed senior notes to institutional investors in a private placement on Wednesday, according to an 8-K filing with the Securities and Exchange Commission.
The 3.93% notes mature on Nov. 29, 2047.
The notes are guaranteed by Indiana Gas Co., Inc., Southern Indiana Gas and Electric Co. and Vectren Energy Delivery of Ohio, Inc., which are wholly owned subsidiaries of Vectren Utility.
The notes were issued under a note purchase agreement dated July 14.
Vectren is an energy holding company based in Evansville, Ind.
Issuer: | Vectren Utility Holdings, Inc.
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Guarantors: | Indiana Gas Co., Inc., Southern Indiana Gas and Electric Co. and Vectren Energy Delivery of Ohio, Inc.
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Issue: | Series B guaranteed senior notes
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Amount: | $100 million
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Maturity: | Nov. 29, 2047
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Coupon: | 3.93%
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Pricing date: | July 14
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Settlement date: | Nov. 29
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Distribution: | Private placement
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