I’ve wondered whatever happened to Andrea Grover since she no longer has
landowner “stakeholders” to try to sell on her pipeline.
she’s selling debt bonds for Sabal Trail now,
according to a press release of Monday.
The notes were issued in three tranches as follows (collectively,
the “Notes”): $500 million principal amount of 4.246% senior notes
due 2028, $600 million principal amount of 4.682% senior notes due
2038, and $400 million principal amount of 4.832% senior notes due
Those sound like good interest rates, especially that 4.832%.
But why is it
listed on the Berlin Stock Exchange,
and what about that Baa1 Moody’s bond rating?
That is eight steps from the top and three steps above “Non-Investment Grade” aka
I wonder what happens if Sabal Trail doesn’t make its FERC-extended construction deadlines?
Somebody remind me, what assets does Sabal Trail Transmission, LLC
have, as in what recourse would a bond-holder have if the issuer decided
to cancel them?
Graph: by WWALS, from Sabal Trail’s FERC-required Informational Postings.
Or maybe, unlike the amount of gas Sabal Trail is pumping (see above graph),
SEP’s stock price will stop dropping and Continue reading