Hunton Advises on Nicor Gas Private Placement of $200M of First Mortgage Bonds
Hunton Andrews Kurth LLP advised the purchasers in connection with Northern Illinois Gas Company’s (Nicor) issuance of $25 million aggregate principal amount of its First Mortgage Bonds 4.17% Series Due October 1, 2028 (the 2028 Bonds), $75 million aggregate principal amount of its First Mortgage Bonds 4.92% Series Due October 1, 2035 (the 2035 Bonds), $50 million aggregate principal amount of its First Mortgage Bonds 5.59% Due December 15, 2055 (the 2055 Bonds), and $50 million aggregate principal amount of its First Mortgage Bonds 5.69% Due December 15, 2065 (the 2065 Bonds), each in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended. The 2028 Bonds and 2035 Bonds were issued on October 7, 2025 and the 2055 Bonds and the 2065 Bonds were issued on December 3, 2025.
Nicor is a natural gas distribution company that serves 2.28 million customers in a service territory that encompasses most of the northern third of Illinois, excluding the city of Chicago, and is a wholly owned subsidiary of Southern Company Gas, which is a wholly-owned, direct subsidiary of The Southern Company. It is the largest natural gas distributor in northern Illinois with approximately 35,000 miles of gas distribution, transmission, and storage system mains that is connected to eight interstate pipelines.
The Hunton team included Steven C. Friend, Patrick C. Jamieson, Monika M. Dziewa, and Ryan Metz.
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