By Lisa Kerner
Charlotte, N.C., July 19 - Questar Gas Co. agreed to privately place $90 million of 30-year 4.78% notes and $60 million of 35-year 4.83% notes, according to an 8-K filing with the Securities and Exchange Commission.
The notes will be funded in December.
Proceeds will be used to refinance debt and for general corporate purposes.
Questar is a public utility that distributes natural gas and is located in Salt Lake City.
| Issuer: | Questar Gas Co.
|
| Issue: | Notes
|
| Amount: | $150 million
|
| Distribution: | Private placement
|
| Pricing date: | July 18
|
| Settlement: | December 2013
|
|
|
| 30-year notes
|
| Amount: | $90 million
|
| Maturity: | 4.78%
|
| Coupon: | 30 years
|
|
|
| 35-year notes
|
| Amount: | $60 million
|
| Maturity: | 4.83%
|
| Coupon: | 35 years
|
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