Colonial gas company announces extension of expiration date and revisions to proposed amendments relating to its consent solicitation gas definition physics


BOSTON, March 22, 2019 /PRNewswire/ — Colonial Gas Company (the Issuer) announced today that it has extended the expiration date of its previously announced consent solicitation (the Consent Solicitation) relating to its (i) 8.80% First Mortgage Bonds 9gag Series CH due 2022 (the 8.80% Bonds), (ii) 7.38% First Mortgage Bonds Series A-1 due 2025 (the 7.38% Bonds), (iii) 6.90% First Mortgage Bonds Series A-2 due 2025 (the 6.90% Bonds), (iv) 6.94% First Mortgage Bonds Series A-3 due 2026 (the 6.94% Bonds) and (v) 7.12% First Mortgage Bonds Series B-1 due 2028 (the 7.12% Bonds and together with the 8.80% Bonds, the 7.38% Bonds, the 6.90% Bonds and the 6.94% Bonds, the Bonds) from 5:00 p.m., New York City time, on March 21, 2019 to 5:00 p.m., New York City time, on March 26, 2019 (the Revised Expiration Date).

The Issuer also announced today that it has modified certain terms of the proposed amendments to the indenture electricity usage by country governing the Bonds (the Indenture), as set forth in the Consent Solicitation Statement dated March 13, 2019, to (i) amend, rather than delete, the Dividend restrictions covenant and (ii) retain, rather than delete, in its entirety the Debt restrictions covenant set forth in the Indenture.

Goldman Sachs Co. LLC is acting as the solicitation agent and D.F. King Co., Inc. ( D.F. King) is acting as the information agent and tabulation agent in connection with the Consent Solicitation. Additional information concerning the terms of the Consent Solicitation and copies of the Solicitation Documents may be obtained from D.F. King by holders (as of the Record Date) of the Bonds. Goldman Sachs Co. LLC may be contacted at (212) 902-6941 (collect) or (800) 828-3182 (toll free). D.F. King may be contacted at (212) 269-5550 (banks and brokers), (800) 884-5101 (toll free) or email at

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected timing of the electricity usage calculator south africa completion of the Consent Solicitation and the Issuer’s intention and ability to consummate the Merger and its expected terms, conditions and component transactions. These forward-looking statements also relate to the Issuer’s future prospects, developments, and business strategies. These forward-looking statements may be identified by terminology such as may, will, could, should, expect, anticipate, believe, estimate, predict, project, forecast gas oil ratio chainsaw, continue, intend, plan, and similar terms or phrases, or the negative of such terminology, including references to assumptions. However, these terms are not the exclusive means of identifying such statements.

These forward-looking statements are based on the Issuer’s expectations and beliefs concerning future events affecting the Issuer and are subject to uncertainties and other important factors relating to its operations and business environment, all of which are difficult to predict and many of which are beyond the Issuer’s control. Actual results, activities and events may differ materially from those matters expressed or implied by such forward-looking statements. Although the Issuer believes that its plans, intentions and expectations reflected in, or suggested by, such forward-looking statements are reasonable, they can give no assurances that any of the events anticipated by these forward-looking statements will occur or, if any of them do, what impact they will have on their results of operations and financial condition.

You are cautioned not to place undue reliance on forward-looking statements contained in this document, which speak only as of the date of this Press Release. The Issuer does not undertake any obligation to update or revise any gas in chest forward-looking statements after the date they are made, whether as a result electricity inside human body of new information, future events, or otherwise.

This press release does not constitute an offer of securities to the public in the United Kingdom or any other jurisdiction. Consequently, this press release is directed only at persons to whom it may lawfully be communicated (all such persons being referred to as Relevant Persons) including, without limitation, under U.K. Financial Services and Markets Act 2000 (Financial Promotion) order 2005 (as amended). Any investment activity to which this communication relates will only be available to, and will only be engaged with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this press release or any of its contents.