By Devika Patel
Knoxville, Tenn., Sept. 14 – Washington Gas Light Co. priced $250 million of 3.796% notes due Sept. 15, 2046 at par, according to a 424B5 filed with the Securities and Exchange Commission.
The notes have a make-whole call with a Treasuries plus 20 basis point premium until March 15, 2046 and are callable at par after that.
Wells Fargo Securities, LLC and MUFG Securities Americas Inc. are the bookrunners.
Proceeds will be used to retire short-term debt and for general corporate purposes.
The natural gas company is based in Washington, D.C.
Issuer: | Washington Gas Light Co.
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Amount: | $250 million
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Description: | Notes, series K
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Maturity: | Sept. 15, 2046
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Coupon: | 3.796%
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Price: | Par
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Yield: | 3.796%
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Make-whole call: | Treasuries plus 20 bps prior to March 15, 2046, then callable at par
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Bookrunners: | Wells Fargo Securities, LLC and MUFG Securities Americas Inc.
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Trade date: | Sept. 13
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Settlement date: | Sept. 16
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