Hunton Andrews Kurth Advises Underwriters on $341 Million Offering of Series 2023-A Senior Secured Securitization Bonds

Hunton Andrews Kurth LLP acted as counsel to the underwriters on an SEC-registered offering of $341 million aggregate principal amount of Series 2023-A Senior Secured Securitization Bonds (the “Bonds”) by SIGECO Securitization I, LLC, as “Issuing Entity”, a special purpose entity, wholly-owned by Southern Indiana Gas and Electric Company (“SIGECO”), as sponsor and depositor. The Bonds were sold pursuant to a financing order issued by the Indiana Utilities Regulatory Commission. The Bond proceeds will be used to purchase securitization property from SIGECO. In accordance with the financing order, SIGECO will use the proceeds to reimburse itself the qualified extraordinary cost related to the planned retirement of certain coal-powered electric generation units.

The Hunton Andrews Kurth team included Michael Fitzpatrick, Adam O’Brian, Michelle G. Chan, Matthew A. Hayes and Monika M. Dziewa. Jason Harbour assisted with certain bankruptcy advice, Shawn Regan and Kate Perkins assisted with certain constitutional law matters, Leslie A. Okinaka provided ERISA advice and George Howell and Anna Page provided tax advice.