Printer Friendly

TEXAS GAS TO ISSUE $100 MILLION OF 9-5/8 PERCENT NOTES DUE 1997

 TEXAS GAS TO ISSUE $100 MILLION OF 9-5/8 PERCENT NOTES DUE 1997
 HOUSTON, June 30 /PRNewswire/ -- Texas Gas Transmission Corporation, a subsidiary of Transco Energy Company (NYSE: E), has sold at par $100 million of 9-5/8 percent notes due July 15, 1997. Closing will occur on July 8, 1992. The notes are general unsecured obligations of the company and will not be redeemable prior to maturity. The securities offering was underwritten by The First Boston Corporation, Citicorp Securities Markets, Inc. and Lazard Freres & Co. Proceeds from the sale will be used to refinance Texas Gas' 9.25 percent debentures maturing July 15.
 Texas Gas, acquired by Transco in 1989, owns and operates a 6,200-mile pipeline system extending from the Louisiana Gulf Coast to Indiana and Ohio. Transco Energy Company transports natural gas through its interstate pipeline systems to markets in the eastern and midwestern United States, arranges for the transportation and sale of natural gas throughout the U.S., and is active in independent power generation and natural gas vehicle fueling services. Transco also maintains modest positions in other energy-related businesses.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful under the securities laws.
 -0- 6/30/92
 /CONTACT: Katherine K. Putnam, 713-439-2455, or R. Dean Ayers (analyst), 713-439-2593, both of Transco Energy Company/
 (E) CO: Texas Gas Transmission Corporation ST: Texas IN: OIL SU: OFR


AH -- NY083 -- 5304 06/30/92 16:06 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 30, 1992
Words:285
Previous Article:TRAVELERS AID INTERNATIONAL, AT&T LAUNCH KIDSCALL
Next Article:MORTGAGE AND REALTY TRUST ISSUES ANNOUNCEMENT
Topics:


Related Articles
GREAT LAKES GAS COMPLETES $200 MILLION PLACEMENT
TEXAS GAS FILES $100 MILLION REGISTRATION STATEMENT
TEXAS EASTERN TRANSMISSION $100 MILLION NOTES RATED 'BBB-' BY FITCH -- FITCH FINANCIAL WIRE --
TRANSCONTINENTAL GAS 'BB' DEBT AFFIRMED, CREDIT TREND IMPROVING
SNYDER OIL CORPORATION ANNOUNCES PUBLIC OFFERING
DUFF & PHELPS CREDIT RATING CO. RATES PANHANDLE EASTERN CORPORATION'S DEBT SHELF 'BBB-'
PANHANDLE EASTERN CORP. $100 MILLION NOTES RATED 'BBB-' BY FITCH -- FITCH FINANCIAL WIRE --
PANHANDLE EASTERN $100 MILLION DEBENTURES RATED 'BBB-' BY FITCH; ON FITCHALERT POSITIVE -- FITCH FINANCIAL WIRE --
PEC 100 MILLION NOTES RATED 'BBB-'; PEC & SUBSIDIARY ON FITCHALERT POSITIVE -- FITCH FINANCIAL WIRE --
TRANSTEXAS GAS CORPORATION COMPLETES TENDER OFFER

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters