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SOUTHEASTERN MICHIGAN GAS ENTERPRISES, INC. FILES REGISTRATION STATEMENT

SOUTHEASTERN MICHIGAN GAS ENTERPRISES, INC. FILES REGISTRATION STATEMENT
 PORT HURON, Mich., March 19 /PRNewswire/ -- Southeastern Michigan Gas Enterprises, Inc. (NASDAQ: SMGS) this week registered with the Securities and Exchange Commission an offering of $17,500,000 of debentures due in the year 2017. The proceeds from the offering will be used to refinance $14,899,000 of 11 1/2 percent debentures which will be redeemed by the company April 1, 1992, and to reduce short-term notes payable.
 Underwriters for the new debenture issue are Edward D. Jones & Co. and First of Michigan Corporation.
 Enterprises is the parent company of six wholly owned subsidiaries: Southeastern Michigan Gas Company (Port Huron); Battle Creek Gas Company (Battle Creek, Mich.); Michigan Gas Company (Three Rivers, Mich.); Southeastern Development Company (Port Huron); Southeastern Financial Services, Inc. (Port Huron); and SEMCO Energy Services, Inc. (Port Huron).
 Enterprises serves natural gas to approximately 200,000 customers in 23 counties in Michigan through its subsidiaries Southeastern Michigan Gas Company, Battle Creek Gas Company and Michigan Gas Company.
 -0- 3/19/92
 /CONTACT: Allan E. Peattie of Southeastern Michigan Gas Enterprises, Inc., 313-987-2200/
 (SMGS) CO: Southeastern Michigan Gas Enterprises, Inc. ST: Michigan IN: OIL SU: OFR


SM -- DE019 -- 9761 03/19/92 14:37 EST
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Publication:PR Newswire
Date:Mar 19, 1992
Words:207
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