Nicor Gas Private Placement of $325 Million of First Mortgage Bonds

Hunton Andrews Kurth LLP advised the purchasers in connection with Northern Illinois Gas Company’s (Nicor or the Company) issuance of $50 million aggregate principal amount of its First Mortgage Bonds due 2025, $100 million aggregate principal amount of its First Mortgage Bonds due 2030, $100 million aggregate principal amount of its First Mortgage Bonds due 2050 and $75 million aggregate principal amount of its First Mortgage Bonds due 2060, each in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended. The 2025 Bonds and 2050 Bonds were issued on August 31, 2020 and the 2030 Bonds and 2060 Bonds were issued on November 6, 2020.

Nicor is a natural gas distribution company that serves 2.2 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. Nicor transports and stores gas for approximately 195,000 commercial and industrial customers in addition to its over 2 million residential customers. The Company is the largest natural gas distributor in northern Illinois with approximately 34,400 miles of gas distribution, transmission and storage system mains that is connected to eight interstate pipelines.

The Hunton Andrews Kurth team included Bud Ellis, Adam O’Brian, Patrick Jamieson, S. Ashley Jaber and Michelle G. Chan.