WGL Holdings to issue non-callable floating-rate notes due 2020

By Devika Patel

Knoxville, Tenn., March 12 – WGL Holdings, Inc. intends to price an offering of floating-rate notes due 2020, according to a 424B5 filed with the Securities and Exchange Commission.

The notes are non-callable.

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

Proceeds will be used for general corporate purposes, including repaying debt under the company’s unsecured revolving credit facility.

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

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