mwe announced this morning a 1 billion unsecured bond offering due 2021.
im glad not another stock offering.
and in this era of cheap money a wise move on managements part.
maybe the window closing on cheap money.
i hope its fully subscribed.
This is a good thing. As long as this is used to fund projects on the board, then borrow to the max. Refrain from taking on any shiny new projects. Stop wacking unitholders in the kneecaps every quarter. STAY AWAY FROM NEW YORK--it is a trap.
But a $1B bond offerng. I can't tell you how happy that makes me. Investment grade will come. We'll grow into it. Just please slow down the expansions.