Southern Company Gas Capital Corporation’s $450 Million Senior Notes Offering


Hunton & Williams LLP advised the underwriters in connection with an SEC registered offering by Southern Company Gas Capital Corporation of $450 million aggregate principal amount of its 4.400% Senior Notes due 2047, fully and unconditionally guaranteed by Southern Company Gas.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman Sachs & Co. LLC, Scotia Capital (USA) Inc., U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC acted as representatives of the Underwriters.

Southern Company Gas, a wholly owned subsidiary of The Southern Company, is an energy services holding company, headquartered in Atlanta, Georgia, whose primary business is the distribution of natural gas in seven states—Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland—through its seven natural gas distribution utilities. At March 30, 2017, these utilities served approximately 4.6 million end-use customers. Southern Company Gas also is involved in several related and complementary businesses to the distribution of natural gas, including retail natural gas marketing to end-use customers primarily in Georgia and Illinois and home equipment protection products and services through its gas marketing services segment; natural gas asset management and related logistics activities for its own utilities as well as for nonaffiliated companies through its wholesale gas operations; and the development and operation of high-deliverability underground natural gas storage assets through its gas midstream operations.

The Hunton & Williams team included Bud Ellis (Picture), Steven Friend, Patrick Jamieson and Soyung Kang. Cary Tolley and Anna Page provided tax advice.

Involved fees earner: Bud Ellis – Hunton & Williams LLP; Steven Friend – Hunton & Williams LLP; Patrick Jamieson – Hunton & Williams LLP; So Yung Kang – Hunton & Williams LLP; Cary Tolley – Hunton & Williams LLP; Anna Knecht Page – Hunton & Williams LLP;

Law Firms: Hunton & Williams LLP;

Clients: Goldman, Sachs & Co.; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Wells Fargo; US Bancorp Investments Inc.;

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Author: Ambrogio Visconti