PIEDMONT NATURAL GAS COMPANY, INC. $400,000,000 5.05% SENIOR NOTES DUE 2052 UNDERWRITING AGREEMENTUnderwriting Agreement • May 13th, 2022 • Piedmont Natural Gas Co Inc • Natural gas distribution • New York
Redemption Provisions/ Make-Whole Call: Prior to November 15, 2051 (the date that is six months prior to the maturity date of the Notes (the “Par Call Date”)), the Issuer may redeem the Notes at its option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of (1) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 30 basis points, less (b) interest accrued to the redemption date; and (2) 100% of the principal amount of the Notes being redeemed, plus, in either case, accrued and unpaid interest thereon to, but excluding, the redemption date.
PIEDMONT NATURAL GAS COMPANY, INC. AND THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., AS TRUSTEE TWELFTH SUPPLEMENTAL INDENTURE DATED AS OF mAY 13, 2022 SUPPLEMENT TO INDENTURE DATED AS OF APRIL 1, 1993 5.05% SENIOR NOTES DUE 2052Piedmont Natural Gas Co Inc • May 13th, 2022 • Natural gas distribution • New York
THIS TWELFTH SUPPLEMENTAL INDENTURE (this “Twelfth Supplemental Indenture”), dated as of May 13, 2022, between PIEDMONT NATURAL GAS COMPANY, INC., a corporation organized and existing under the laws of the State of North Carolina (the “Company”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association duly organized and existing under the laws of the United States, as successor to Citibank, N.A. (the “Trustee”).
