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Gas Co. Repays Debt, Pays Riverstone March 05, 2010

Niska Gas Storage is selling $800 million in senior unsecured notes in a private placement to pay down debt and cover distributions to private equity funds under owner Riverstone Holdings. The Gridley, Calif.-based company priced the eight-year, 8.875% notes this week. Moody's Investors Service rates the notes Ba3.
David Pope, president and ceo, directed questions to a Riverstone spokesman in New York, ...

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