Michigan Gas Utilities Corporation Private Placement of $90 million of Senior Notes

Time 1 Minute Read
June 29, 2017
News

Hunton & Williams LLP advised the purchasers in connection with Michigan Gas Utilities Corporation’s (MGU) issuance of $30 million aggregate principal amount of its Senior Notes due 2027, $30 million aggregate principal amount of its Senior Notes due 2032 and $30 million aggregate principal amount of its Senior Notes due 2047, each in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended.

MGU is a regulated natural gas utility serving approximately 174,300 natural gas customers in Michigan with an average rate base in 2016 of approximately $240 million.   MGU is a wholly-owned subsidiary of Integrys, which in turn is a wholly-owned subsidiary of WEC Energy Group, Inc., a utility holding company headquartered in Milwaukee, Wisconsin. 

The Hunton & Williams LLP team included Bud Ellis, Adam O’Brian and Patrick Jamieson.

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