Energy supplier WGL Holdings markets floating-rate notes due 2019

By Cristal Cody

Tupelo, Miss., Nov. 27 – WGL Holdings, Inc. intends to sell floating-rate notes due 2019, according to a 424B5 filed with the Securities and Exchange Commission on Monday.

TD Securities (USA) LLC and Wells Fargo Securities LLC are the bookrunners. The co-managers are Scotia Capital (USA) Inc. and U.S. Bancorp Investments, Inc.

Proceeds will be used for general corporate purposes, including repayment of commercial paper, making an equity contribution to Washington Gas and funding capital expenditures. As of Nov. 17, the company had about $635 million of outstanding commercial paper.

WGL Holdings is a Washington, D.C.-based natural gas and energy products and services provider.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.