05/21/2019

Loop Capital Markets participates as co-manager on a $600 million senior unsecured notes offering of the Piedmont Natural Gas Company

On May 21st, 2019, Loop Capital Markets participated as co-manager on a single-tranche, $600 million, senior unsecured bond offering of the Piedmont Natural Gas Company.  The 10-year note is rated A3/A-.

The utility company plans to use the net proceeds of the offering to repay their term loan and for general corporate purposes.