The investment-grade notes are due 2027 and 2032

Davis Polk advised the joint book-running managers in connection with a Rule 144A / Regulation S offering of $400 million aggregate principal amount of 4.632% senior notes due 2027 and $400 million aggregate principal amount of 4.866% senior notes due 2032 by The Brooklyn Union Gas Company.

Based in Brooklyn, New York, The Brooklyn Union Gas Company provides natural gas distribution utility services to approximately 1.26 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 electricity and natural gas energy delivery company based in the United Kingdom.

The Davis Polk corporate team included partner Reuven B. Young and associates Sana Bargach and Tanu Sinha. Counsel Alon Gurfinkel and associate Kelli A. Rivers provided tax advice. Counsel Loyti Cheng and associate Timothy J. Sullivan provided environmental advice. Members of the Davis Polk team are based in the London and New York offices.