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Quotes & Info
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| SUG > SEC Filings for SUG > Form 8-K on 5-May-2009 | All Recent SEC Filings |
5-May-2009
Other Events
On April 29, 2009, Southern Union Company (the "Company") announced that Florida Gas Transmission Company, LLC ("FGT"), an affiliate of the Company and El Paso Corporation, had successfully priced an offering of $600 million of 7.90% senior notes due May 15, 2019, at an offering price of $99.82 (per $100.00 principal) to yield 7.926%. The offering transaction was structured as a Rule 144A and Regulation S offering. The offering is expected to close on May 8, 2009, subject to customary closing conditions. Upon issuance, the notes will be senior, unsecured general obligations of FGT, ranking pari passu with all of its other senior, unsecured and unsubordinated indebtedness.
FGT will use the net proceeds from the sale of the notes to partially fund its $2.4 billion Phase VIII expansion project and for general corporate purposes.
This 8-K includes forward-looking statements. Although Southern Union believes that its expectations are based on reasonable assumptions, it can give no assurance that such assumptions will materialize. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein are enumerated in Southern Union's Forms 10-K and 10-Q as filed with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by the Company, whether as a result of new information, future events, or otherwise.
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