XML 36 R21.htm IDEA: XBRL DOCUMENT v3.19.1
LONG-TERM DEBT
3 Months Ended
Mar. 31, 2019
Long-term Debt, Unclassified [Abstract]  
LONG-TERM DEBT
LONG-TERM DEBT:

In the first quarter 2019, SJI provided three Notices of Optional Prepayment to the holders of its Floating Rate Senior Notes, Series 2018D, due June 20, 2019 of the Company’s intent to prepay the $475.0 million aggregate principal amount outstanding. As a result of these three notices, the Company paid a total of $400.0 million during the first quarter 2019. The remaining $75.0 million was paid in April 2019 (see Note 20).

Also in the first quarter 2019, SJG issued $10.0 million of debt by drawing on its $400.0 million term loan credit agreement. All loans under this credit agreement are due and payable in April 2020.

SJI and SJG did not issue or retire any other long-term debt during the three months ended March 31, 2019.