trending Market Intelligence /marketintelligence/en/news-insights/trending/TBEqFFZhaHdc1XHLv26m-w2 content esgSubNav
In This List

WGL Holdings files to sell up to $300M of floating rate notes

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Using ESG Analysis to Support a Sustainable Future

Research

US utility commissioners: Who they are and how they impact regulation

Blog

Q&A: Datacenters: Energy Hogs or Sustainability Helpers?


WGL Holdings files to sell up to $300M of floating rate notes

WGL Holdings Inc. filed to sell $300 million of its floating rate notes due 2019, according to a Nov. 27 prospectus supplement.

Interest on the notes will accrue from Nov. 29 and will be paid quarterly on Feb. 28, May 29, Aug. 29 and Nov. 29 of each year, starting on Feb. 28, 2018, at a rate equal to the three-month LIBOR plus 40 basis points.

Net proceeds from the offering is expected to amount to $298.4 million and is intended to be used for general corporate purposes, including short-term debt repayment, a Washington Gas Light Co. equity contribution and CapEx funds.

The notes will mature Nov. 29, 2019.