South Jersey Industries plans to sell $287.5 million bonds due 2031; talk at 5.25% area

By Devika Patel and Cristal Cody

Knoxville, Tenn., March 25 – South Jersey Industries, Inc. intends to price $287.5 million of bonds due April 15, 2031, according to a market source.

Initial price talk is in the 5.25% area.

BofA Securities Inc. and Wells Fargo Securities LLC are the bookrunners.

Folsom, N.J.-based South Jersey is a publicly held energy services holding company for a natural gas utility and other non-regulated companies.

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