Hunton Andrews Kurth LLP Advises on $300M Senior Notes Offering by Southern Natural Gas Company, L.L.C.

Hunton Andrews Kurth LLP represented the initial purchasers in a significant bond offering by Southern Natural Gas Company, L.L.C., a major player in the natural gas pipeline industry. The transaction, valued at $300 million, involves the issuance of 5.450% Senior Notes due 2035 through a Rule 144A offering. This financial milestone not only underscores the company's commitment to expanding its natural gas pipeline network but also reflects the confidence of investors in Southern Natural Gas Company's future prospects.

Key Takeaways:

• Hunton Andrews Kurth LLP advised the initial purchasers on a Rule 144A offering of $300M senior notes due 2035.
• The senior notes were issued by Southern Natural Gas Company, L.L.C. at a rate of 5.450%.
• Southern Natural Gas Company owns and operates a natural gas pipeline system spanning multiple states, providing a vital link between natural gas supply basins and market areas.
• The Hunton team included several partners and associates from various groups, providing comprehensive legal advice on corporate law, tax, ERISA, energy regulation, and environmental matters.
• The partnership between Hunton and Southern Natural Gas Company underscores the importance of effective legal representation in large-scale transactions.
• The financial investment in Southern Natural Gas Company's pipeline system and infrastructure development supports the company's strategic objectives.

Statistics:

• $300 million: The total value of the senior notes issued through the Rule 144A offering.
• 5.450%: The interest rate on the senior notes due 2035.
• $300 million: The total value of the financial investment in Southern Natural Gas Company's pipeline system and infrastructure development.
• 2035: The maturity date of the senior notes due 2035.

Sources:

• Hunton Andrews Kurth LLP (original press release dated Sept. 5)