trending Market Intelligence /marketintelligence/en/news-insights/trending/K4FX8Tr3iavaAWAnCgRHwg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Chesapeake Utilities to sell remaining $50M of shelf notes

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Chesapeake Utilities to sell remaining $50M of shelf notes

Chesapeake Utilities Corp. submitted a formal request to PGIM Inc., formerly known as Prudential Investment Management Inc., inviting the latter and other interested parties to purchase up to $50 million of the company's unsecured senior promissory notes by July 15, under an amended private shelf agreement.

Under the amended agreement that took place in September 2018, the company was allowed to request Prudential and other buyers to purchase up to $150 million of its unsecured promissory notes, over the period until Aug. 20, 2021.

In August 2019, the company issued $100 million of the notes, leaving $50 million of the notes available for purchase during the remainder of the term.

The company plans to use proceeds from the issuance of the new shelf notes to reduce short-term borrowings under its revolving credit facility and lines of credit, as well as to fund capital expenditures, according to a filing.

These notes will bear an interest rate of 3% per annum which will be payable quarterly starting Oct. 15.

Meanwhile, they require annual principal payments of $5 million starting July 15, 2026, while the entire outstanding principal balance will be due July 15, 2035.