HYG: Offers $500M Notes
HYG offers $500M unsecured senior notes due 2029 in private offering to finance green and social projects or refinance debt
Intends to allocate an amount equal to net proceeds to finance or refinance recently completed or future eligible green and/or social projects. - Pending allocation, intends to use net proceeds with cash on hand to fund redemption of up to all $500M outstanding 4.375% Senior Notes due 2027 or for general corporate purposes, including repayment of outstanding indebtedness under repurchase facilities.