South Jersey Industries $287.5 million remarketing of junior subordinated notes
We advised the remarketing agents on a registered remarketing of junior subordinated notes
3/30/2021

Davis Polk advised the remarketing agents on the remarketing of $287.5 million aggregate principal amount of South Jersey Industry, Inc.’s (“SJI”) 2018 Series A remarketable junior subordinated notes due 2031, which were originally issued as junior subordinated notes included in the equity units SJI issued in April 2018.

Headquartered in Folsom, New Jersey, SJI is an energy services holding company that delivers energy services to its customers through three primary subsidiaries.

The Davis Polk capital markets team included partner Michael Kaplan and associates Ida Araya-Brumskine and Dennis Chu. The tax team included partner Mario J. Verdolini and associate Tomislava Dragicevic. All members of the Davis Polk team are based in the New York office.