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LONG-TERM DEBT
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
LONG-TERM DEBT

NOTE 14. LONG-TERM DEBT

 

At December 31,

 

2017 Weighted-average Coupon(1)

 

 

2017

 

 

2016

 

(millions, except percentages)

 

 

 

 

 

 

 

 

 

 

 

 

Unsecured Senior and Medium-Term Notes:

 

 

 

 

 

 

 

 

 

 

 

 

2.98% to 7.20%, due 2017 to 2051

 

 

4.60

%

 

$

720.0

 

 

$

634.5

 

Total principal

 

 

 

 

 

 

720.0

 

 

 

634.5

 

Securities due within one year

 

 

5.72

%

 

 

(120.0

)

 

 

(14.5

)

Debt issuance costs

 

 

 

 

 

 

(4.1

)

 

 

(3.7

)

Total long-term debt

 

 

 

 

 

$

595.9

 

 

$

616.3

 

 

(1)

Represents weighted-average coupon rates for debt outstanding as of December 31, 2017.

Based on stated maturity dates, the scheduled principal payments of long-term debt at December 31, 2017, were as follows:

 

 

2018

 

 

2019

 

 

2020

 

 

2021

 

 

2022

 

 

Thereafter

 

 

Total

 

(millions, except percentages)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Questar Gas

 

$

120.0

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

600.0

 

 

$

720.0

 

Weighted-average Coupon

 

 

5.72

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.37

%

 

 

 

 

 

In October 2017, Questar Gas’ entered into an agreement with certain investors to issue through private placement $50 million of 3.30% 12-year senior notes and $100 million of 3.97% 30-year senior notes in April 2018.

 

Questar Gas short-term credit facilities and long-term debt agreements contain customary covenants and default provisions. As of December 31, 2017, there were no events of default under these covenants.

 

Any new long-term debt issuance by Questar Gas is subject to approval by the Wyoming Commission.