Milbank LLP advised the note purchasers in connection with South Jersey Industries, Inc.’s (“SJI”) privately placed issuance of three series of senior notes, consisting of 5.61% senior notes due 2029, 5.70% senior notes due 2031 and 5.89% senior notes due 2034.
The proceeds from the offering are expected to be used to repay debt and for general corporate purposes.
SJI is an energy infrastructure holding company headquartered in Folsom, New Jersey. SJI delivers safe, reliable and affordable natural gas service to more than 700,000 residential, commercial and industrial customers via its primary subsidiary, SJI Utilities (“SJIU”). SJIU houses SJI’s two utility subsidiaries, South Jersey Gas Company and Elizabethtown Gas Company.[1]
The Milbank team was led by Corporate Finance and Securities partners Jonathon Jackson and Lesley Janzen, associate Alyssa Julian and law clerk Adnene Gargouri.
