By Lisa Kerner
Charlotte, N.C., Dec. 16 - CH Energy Group, Inc. entered into a supplemental note purchase agreement on Tuesday with holders of its series A senior notes due April 17, 2014, according to a form 8-K filed with the Securities and Exchange Commission.
Under the agreement, CH Energy created new series B notes in the total principal amount of $23.5 million.
CH Energy exchanged the new series B notes for series A notes in the same total principal amount, which were then canceled.
The new notes bear interest at 6.8% annually, with interest payable semiannually and, beginning on June 15, 2011, with semiannual payments of principal. The final payment of principal and interest are due on Dec. 15, 2025, the filing said.
All other terms of the series B notes are the same as those of the series A notes.
CH Energy is a Poughkeepsie, N.Y.-based electric and gas utility company.
| Issuer: | CH Energy Group, Inc.
|
| Issue: | Series B notes
|
| Amount: | $23.5 million
|
| Maturity: | Dec. 15, 2025
|
| Coupon: | 6.8%
|
| Price: | Par
|
| Settlement date: | Dec. 15
|
| Distribution: | Private exchange
|
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