Black Belt Energy to Offer $800M in Gas Project Revenue Bonds

Dow Jones

2025/12/17

By Stephen Nakrosis

The Black Belt Energy Gas District plans to offer $800 million in 2025 Series F gas project revenue bonds to raise funds for the prepay of natural gas deliveries over a 30-year period.

The bonds will be secured by a trust account, which will include funds from the sale of the bonds, revenues, and other right, titles, and payments, according to documents on MuniOS. The bonds aren't an obligation of the state of Alabama, nor of the member municipalities of Black Belt Energy.

The preliminary amortization schedule shows the bonds will begin maturing on Dec. 1, 2027, with maturities continuing on each subsequent Dec. 1 through 2035.

The Black Belt Energy Gas District was formed by three cities in Alabama as a municipally owned corporation in 2008. It provides natural gas and services to its member municipalities, and also sells gas directly to public gas customers, gas-distribution systems and others.

The gas will be supplied by Pierpont Energy Prepay 4, and Black Belt will sell the gas to the Louisiana Community Development Utility Commission. The Commission will then sell the gas to Linde Inc., which will use it to operate three industrial gas production facilities in Louisiana.

Pacific Life Insurance will be the funding agreement provider, and BP Energy will be the commodity swap counterparty.

S&P Global ratings is expected to assign a municipal-bond rating of AA- to the bonds.

J.P. Morgan and Stifel are listed as the offering's lead managers.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

December 16, 2025 15:42 ET (20:42 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The bonds aren't an obligation of the state of Alabama, nor of the member municipalities of Black Belt Energy. \n</p>\n<p>\n  The preliminary amortization schedule shows the bonds will begin maturing on Dec. 1, 2027, with maturities continuing on each subsequent Dec. 1 through 2035. \n</p>\n<p>\n  The Black Belt Energy Gas District was formed by three cities in Alabama as a municipally owned corporation in 2008. It provides natural gas and services to its member municipalities, and also sells gas directly to public gas customers, gas-distribution systems and others. \n</p>\n<p>\n  The gas will be supplied by Pierpont Energy Prepay 4, and Black Belt will sell the gas to the Louisiana Community Development Utility Commission. 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The bonds aren't an obligation of the state of Alabama, nor of the member municipalities of Black Belt Energy. \n</p>\n<p>\n  The preliminary amortization schedule shows the bonds will begin maturing on Dec. 1, 2027, with maturities continuing on each subsequent Dec. 1 through 2035. \n</p>\n<p>\n  The Black Belt Energy Gas District was formed by three cities in Alabama as a municipally owned corporation in 2008. It provides natural gas and services to its member municipalities, and also sells gas directly to public gas customers, gas-distribution systems and others. \n</p>\n<p>\n  The gas will be supplied by Pierpont Energy Prepay 4, and Black Belt will sell the gas to the Louisiana Community Development Utility Commission. The Commission will then sell the gas to Linde Inc., which will use it to operate three industrial gas production facilities in Louisiana. \n</p>\n<p>\n  Pacific Life Insurance will be the funding agreement provider, and BP Energy will be the commodity swap counterparty. \n</p>\n<p>\n  S&amp;P Global ratings is expected to assign a municipal-bond rating of AA- to the bonds. \n</p>\n<p>\n  J.P. Morgan and <a href=\"https://laohu8.com/S/SFB\">Stifel</a> are listed as the offering's lead managers. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 16, 2025 15:42 ET (20:42 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1543694498.USD","symbol_name":"法巴水资源基金RH MD Dis","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2592193272","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2592193272","pubTimestamp":1765917720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"The Black Belt Energy Gas District plans to offer $800 million in 2025 Series F gas project revenue bonds to raise funds for the prepay of natural gas deliveries over a 30-year period.The bonds will be secured by a trust account, which will include funds from the sale of the bonds, revenues, and other right, titles, and payments, according to documents on MuniOS. The bonds aren't an obligation of the state of Alabama, nor of the member municipalities of Black Belt Energy.The preliminary amortization schedule shows the bonds will begin maturing on Dec. 1, 2027, with maturities continuing on each subsequent Dec. 1 through 2035.The Black Belt Energy Gas District was formed by three cities in Alabama as a municipally owned corporation in 2008. It provides natural gas and services to its member municipalities, and also sells gas directly to public gas customers, gas-distribution systems and others.The gas will be supplied by Pierpont Energy Prepay 4, and Black Belt will sell the gas to the ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1543694498.USD":"法巴水资源基金RH MD Dis","LU0969580561.USD":"贝莱德欧洲特别时机基金A2","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU0769137737.USD":"BGF CONTINENTAL EUROPEAN FLEXIBLE \"A2\" (USD) ACC","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","BK4504":"桥水持仓","LU1620156130.USD":"BNP PARIBAS AQUA \"C\" (USD) ACC","LU1791806182.HKD":"BGF EURO-MARKETS \"A2\" (HKDHDG) ACC","LU2355687059.USD":"NORDEA 1 GLOBAL IMPACT  \"BP\" (USD) ACC","LU2506952337.HKD":"BNP PARIBAS CLIMATE IMPACT \"CRH\" (HKDHDG) ACC","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","LU1355424745.HKD":"BGF EUROPEAN SPECIAL SITUATIONS \"A2\" (HKDHDG) ACC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU0171277485.USD":"BGF EURO MARKETS \"A2\" (USD) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU0061474960.USD":"天利环球焦点基金AU Acc","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LIN":"林德气体","BK4585":"ETF&股票定投概念","LU2506952410.USD":"BNP PARIBAS CLIMATE IMPACT \"CRH\" (USDHDG) ACC A","LU0526926950.USD":"贝莱德欧洲基金","LU0171276677.USD":"BGF EUROPEAN SPECIAL SITUATIONS \"A2\" (USD) ACC","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","LU0827878280.USD":"贝莱德欧洲市场基金D2","LU0171280430.USD":"BGF EUROPEAN \"A2\" (USD) ACC","LU0124384867.USD":"贝莱德新能源基金A2","LU2413666426.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (HKD) ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BK4581":"高盛持仓","LU1721428933.USD":"法巴全球经典环境基金RH MD Dis","LU1620156213.USD":"BNP PARIBAS AQUA \"C\" (USD) INC","BK4532":"文艺复兴科技持仓","LU1165135440.EUR":"BNP Paribas Aqua Classic Cap EUR","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","LU1064927863.SGD":"JPMorgan Funds - Europe Dynamic A (acc) SGD-H","LU0724618433.USD":"BGF NEW ENERGY \"A4\" (USD) INC","LU1104425308.USD":"BNP PARIBAS EUROPE GROWTH \"C\" (USD) ACC","BK4534":"瑞士信贷持仓","LU1721427968.SGD":"BNP PARIBAS AQUA \"CRH\" (SGDHDG) INC","LU1596574779.USD":"BNP PARIBAS AQUA \"C\" (USDHDG) ACC","LU1196525536.USD":"BGF CONTINENTAL EUROPEAN FLEXIBLE \"A2\" (USDHDG) ACC","LU0788108743.HKD":"BGF EUROPEAN \"A2\" (HKDHGD) ACC","LU2413666699.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"CRH\" (HKDHDG) INC","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","BK4566":"资本集团","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC"},"translate_title":"Black Belt Energy将发行8亿美元天然气项目收入债券","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LIN":0.9},"content_text":"By Stephen Nakrosis \n\n\n \n\n\n  The Black Belt Energy Gas District plans to offer $800 million in 2025 Series F gas project revenue bonds to raise funds for the prepay of natural gas deliveries over a 30-year period. \n\n\n  The bonds will be secured by a trust account, which will include funds from the sale of the bonds, revenues, and other right, titles, and payments, according to documents on MuniOS. The bonds aren't an obligation of the state of Alabama, nor of the member municipalities of Black Belt Energy. \n\n\n  The preliminary amortization schedule shows the bonds will begin maturing on Dec. 1, 2027, with maturities continuing on each subsequent Dec. 1 through 2035. \n\n\n  The Black Belt Energy Gas District was formed by three cities in Alabama as a municipally owned corporation in 2008. It provides natural gas and services to its member municipalities, and also sells gas directly to public gas customers, gas-distribution systems and others. \n\n\n  The gas will be supplied by Pierpont Energy Prepay 4, and Black Belt will sell the gas to the Louisiana Community Development Utility Commission. The Commission will then sell the gas to Linde Inc., which will use it to operate three industrial gas production facilities in Louisiana. \n\n\n  Pacific Life Insurance will be the funding agreement provider, and BP Energy will be the commodity swap counterparty. \n\n\n  S&P Global ratings is expected to assign a municipal-bond rating of AA- to the bonds. \n\n\n  J.P. Morgan and Stifel are listed as the offering's lead managers. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 16, 2025 15:42 ET (20:42 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}