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WGL Holdings completes $248.8M floating-rate note offering

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WGL Holdings completes $248.8M floating-rate note offering

WGL Holdings Inc. completed its public offering of floating-rate notes due 2020, which yielded about $248.8 million in net proceeds.

The Washington, D.C.-based public utility holding company plans to use the proceeds for general corporate purposes, such as paying down debt under its revolving credit facility, according to a March 16 SEC filing.

U.S. Bancorp Investments Inc. and RBC Capital Markets LLC served as representatives of the underwriters for the offering.