debt
confidence high
sentiment neutral
materiality 0.45
MDU Resources subsidiary extends private shelf facility to Dec 2028; $115M capacity remains
MDU RESOURCES GROUP INC
- WBI Energy Transmission entered Amendment No.1 to its Private Shelf Agreement with PGIM/Prudential.
- Issuance period for up to $350M in senior unsecured notes extended to December 22, 2028.
- As of date, $115M of shelf capacity remains available for future issuance.
- Proceeds to fund general corporate purposes and WBI's previously announced capex.
- Structuring fee of $75,000 paid to Prudential in connection with the amendment.