Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Columbia Pipeline Group, Inc. > News item |
S&P rates Columbia Pipeline notes BBB-
Standard & Poor’s said it assigned a BBB- rating to Columbia Pipeline Group Inc.’s proposed $2.75 billion senior unsecured note issuance.
The proceeds will be used to pay off about $1 billion of intercompany debt between Columbia and NiSource Inc., fund a $1.45 billion special dividend to NiSource and for general corporate purposes, S&P said.
© 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.