Edison Mission Energy announces up to $1 billion new senior notes

By Paul A. Harris

St. Louis, May 9 - Edison Mission Energy plans to sell up to $1 billion of new senior notes, the company disclosed in 10-Q document filed Tuesday with the Securities and Exchange Commission.

Proceeds, together with cash on hand, will be used to fund the tender for $400 million of the company's 10% senior notes due 2008 and $600 million of its 9 7/8% senior notes due 2011.

JP Morgan and Citigroup are dealer managers for the tender. The consent date is May 17.

No other details were disclosed about the notes, and the company did not return a Tuesday telephone call from Prospect News.

Edison Mission Energy is an indirect subsidiary of Irvine, Calif., independent power producer Edison Mission Group.

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