WGL Holdings to repay unsecured revolver debt via new note proceeds

By Tali Rackner

Minneapolis, March 12 – WGL Holdings, Inc. plans to repay pay of a portion of the amounts outstanding under its unsecured revolving credit facility using the proceeds from a new floating-rate note offering, according to a 424B5 filing with the Securities and Exchange Commission.

As of March 9, there was $175 million outstanding under the facility, which has a current interest rate of 2.59% and matures on Dec. 19, 2019.

WGL Holdings is a Washington, D.C.-based natural gas and energy products and services provider.

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