Oglethorpe Power pricing $250 million 30-year mortgage bonds Monday

By Aleesia Forni

Virginia Beach, June 9 – Oglethorpe Power Corp. expects to issue $250 million of first mortgage bonds, series 2014A, due 2044 on Monday, according to a market source and a 424B5 filed with the Securities and Exchange Commission.

The joint bookrunners are Goldman Sachs & Co. and Wells Fargo Securities LLC.

BofA Merrill Lynch, Mitsubishi UFJ Securities, J.P. Morgan Securities LLC and SunTrust Robinson Humphrey Inc. are the senior co-managers.

The co-managers are BMO Capital Markets Corp., Mizuho Securities USA Inc., PNC Capital Markets LLC, Fifth Third Securities Inc. and RBC Capital Markets LLC.

Proceeds will be used for the long-term financing of general and environmental capital expenditures of the company’s existing generation facilities and for general corporate purposes.

The electric supply cooperative is based in Tucker, Ga.

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