By Aleesia Forni
Virginia Beach, Dec. 11 – WGL Holdings Inc. sold a $25 million add-on to its existing 4.6% senior notes (A3/A/A/) due Nov. 1, 2044 on Thursday at Treasuries plus 189.4 basis points, according to a FWP filed with the Securities and Exchange Commission.
The notes priced at 97.612 to yield 4.75%.
The original $125 million of 4.6% 30-year bonds sold at 99.226 to yield 4.648%, or Treasuries plus 165 bps, on Oct. 22.
The bookrunners were Wells Fargo Securities LLC, BB&T Capital Markets and TD Securities.
Proceeds will be used for general corporate purposes.
WGL is a Washington, D.C.-based utility.
| Issuer: | WGL Holdings Inc.
|
| Amount: | $25 million
|
| Description: | Add-on to senior notes
|
| Maturity: | Nov. 1, 2044
|
| Bookrunners: | Wells Fargo Securities LLC, BB&T Capital Markets, TD Securities (USA) LLC
|
| Co-manager: | CIBC World Markets Corp.
|
| Coupon: | 4.6%
|
| Price: | 97.612
|
| Yield: | 4.75%
|
| Spread: | Treasuries plus 189.4 bps
|
| Make-whole call: | Treasuries plus 25 bps prior to May 1, 2044, then callable at par
|
| Trade date: | Dec. 11
|
| Settlement date: | Dec. 16
|
| Ratings: | Moody’s: A3
|
| Standard & Poor’s: A
|
| Fitch: A
|
| Distribution: | SEC registered
|
| Total issue size: | $150 million, including $125 million priced on Oct. 22
|
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