We advised the joint book-running managers on the offering

Davis Polk advised the joint book-running managers in connection with a $500 million aggregate principal amount offering of 5.456% senior notes due 2036 and a Rule 144A / Regulation S $200 million aggregate principal amount reopening of 6.415% senior notes due 2054 issued on July 18, 2024, by The Brooklyn Union Gas Company.

Based in Brooklyn, New York, The Brooklyn Union Gas Company provides natural gas distribution utility services to approximately 1.3 million customers in the boroughs of Brooklyn, Staten Island and Queens. The Brooklyn Union Gas Company is a wholly owned subsidiary of National Grid USA, which in turn is an indirect wholly owned subsidiary of National Grid plc, an international energy utility company based in the United Kingdom.

The Davis Polk corporate team included partner Reuven B. Young and associates Gianna Ceophas and H. Gultekin Can. Counsel Alon Gurfinkel and associate Ya Sheng Lin provided tax advice. Counsel Michael Comstock and associate Timothy J. Sullivan provided environmental advice. Members of the Davis Polk team are based in the London and New York offices.

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