Hunton Andrews Kurth Advises Underwriters on $336 Million Offering of Series 2022-A Senior Secured Securitized Utility Tariff Bonds

Hunton Andrews Kurth LLP acted as counsel to the underwriters on an SEC-registered offering of $336 million aggregate principal amount of Series 2022-A Senior Secured Securitized Utility Tariff Bonds (the “Bonds”) by Kansas Gas Service Securitization I, L.L.C., as “Issuing Entity”, a special purpose entity, wholly-owned by Kansas Gas Service, a Division of ONE Gas, Inc. (“KGS”), as sponsor and depositor. The Bonds were sold pursuant to a financing order issued by the Kansas Corporation Commission. The Bond proceeds will be used to purchase storm recovery property from KGS. In accordance with the financing order, KGS will use the proceeds to recover, finance or refinance the qualified extraordinary cost related to Winter Storm Uri.

The Hunton Andrews Kurth team included Michael Fitzpatrick, Adam O’Brian, Michelle G. Chan, Matthew A. Hayes and  Monika M. Dziewa. Jason Harbour assisted with certain bankruptcy advice, Shawn Regan, Kate Perkins, Colton Tully-Doyle and Mitchell McCloy assisted with certain constitutional law matters, Leslie A. Okinaka provided ERISA advice and Carry Tolley, Anna Page and Tim Strother provided tax advice.