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Prospect News home > News index > List of issuers I > Headlines for Infraestructura Energetica Nova SAB de CV > News item |
Mexico’s IEnova plans up to $800 million notes due in up to 30 years
By Sarah Lizee
Olympia, Wash., Sept. 10 – Infraestructura Energetica Nova SAB de CV (IEnova) announced Thursday that it began marketing efforts in connection with a potential private offering of debt securities (Baa2/BBB/BBB).
The offering is subject to market conditions, according to a notice.
IEnova plans to sell between $500 million to $800 million of senior notes due in up to 30 years, according to news releases from Fitch Ratings and S&P.
The company expects to use the proceeds to refinance its committed credit facility loans, Fitch said.
IEnova is Mexican gas distributor majority-owned by California-based utility holding company Sempra Energy.
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