By Cristal Cody
Tupelo, Miss., March 12 – WGL Holdings, Inc. priced $250 million of two-year floating-rate senior notes (A3/A-/A-) on Monday at par to yield Libor plus 55 basis points, according to an FWP filed with the Securities and Exchange Commission.
U.S. Bancorp Investments Inc. and RBC Capital Markets LLC were the bookrunners.
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.
| Issuer: | WGL Holdings, Inc.
|
| Amount: | $250 million
|
| Description: | Floating-rate notes
|
| Maturity: | March 12, 2020
|
| Bookrunners: | U.S. Bancorp Investments Inc. and RBC Capital Markets LLC
|
| Co-managers: | Scotia Capital (USA) Inc. and TD Securities (USA) LLC
|
| Coupon: | Libor plus 55 bps
|
| Price: | Par
|
| Yield: | Libor plus 55 bps
|
| Call features: | None
|
| Trade date: | March 12
|
| Settlement date: | March 14
|
| Ratings: | Moody’s: A3
|
| S&P: A-
|
| Fitch: A-
|
| Distribution: | SEC registered
|
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