By Angela McDaniels
Tacoma, Wash., March 9 – AusNet Services Ltd. priced $375 million of 60-year subordinated notes (Baa2//), according to a company news release.
The issue was “significantly oversubscribed,” chief financial officer Adam Newman said in the release.
Proceeds will be used to refinance existing debt and to fund capital expenditures.
AusNet Services delivers electricity and natural gas and is based in Southbank, Australia.
| Issuer: | AusNet Services Ltd.
|
| Issue: | Subordinated notes
|
| Amount: | $375 million
|
| Maturity: | Sept. 17, 2076
|
| Rating: | Moody’s: Baa2
|
© 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.
