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Southern LNG shopping $200 million minimum private placement
By Paul A. Harris
St. Louis, Jan. 27 - Southern LNG, Inc. is in the private placement market with a $200 million minimum offering of senior notes (NAIC-2), according to a market source.
The deal, which is being led by placement agent Banc of America Securities LLC, is expected to price late this week or early next week.
Southern LNG, a subsidiary of El Paso Corp., is a Savannah, Ga.-based re-gasification company.
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