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Southern Natural Gas calls 8 7/8% notes due 2010
By Michelle Anderson
Rochester, N.H. Feb. 28 - Southern National Gas Co. announced that it will redeem for cash all of the $400 million principal amount outstanding of its 8 7/8% notes due 2010 on March 30.
The company will pay $1,044.38 per $1,000 principal amount of the notes plus any accrued interest, according to a press release.
Houston-based Southern Natural Gas Co. is an interstate transportation and natural gas storage and LNG terminalling business. It is a wholly owned subsidiary of El Paso Corp.
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