Deals 08/04/2020

Loop Capital Markets acts as co-manager on a $375 million secured medium-term notes offering for Public Service Electric and Gas Company

On August 4, 2020, Loop Capital Markets acted as a co-manager on a one-tranche, $375 million, secured medium-term notes offering for Public Service Electric and Gas Company. The 30 year senior unsecured bond is rated Aa3/A.

Use of proceeds are earmarked for repaying at maturity the company’s $250 million, 3.500% Series G Secured Medium-Term Notes, with the remainder of the net proceeds to be used for general corporate purposes.