Piedmont Natural Gas eyeing $250 million of senior notes

By Aleesia Forni

Virginia Beach, Sept. 15 – Piedmont Natural Gas Co. Inc. is expected to price a $250 million offering of senior notes, according to a 424B5 filed with the Securities and Exchange Commission on Monday.

The bookrunners are RBC Capital Markets LLC and Wells Fargo Securities LLC.

PNC Capital Markets LLC and Loop Capital Markets are the co-managers.

Proceeds will be used to finance capital expenditures, to repay outstanding short-term, unsecured notes under the company’s commercial paper program and for general corporate purposes.

The natural gas distributor is based in Charlotte, N.C.

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