Allegheny Energy Supply accepts tenders for $152 million 7.8% notes

By Jennifer Chiou

New York, Oct. 22 - Allegheny Energy Supply Co., LLC announced that it accepted valid tenders from holders of $152 million of its 7.8% notes due 2011.

The offer began Sept. 22 and expired at midnight ET on Oct. 20.

On Oct. 21, the company increased the maximum principal amount of notes it would purchase in the offer to $165 million from $150 million.

Holders had tendered $151,919,000 of the $302,517,000 outstanding principal amount of notes as of 5 p.m. ET on Oct. 5, the early tender date.

Holders received $1,083.75 for each $1,000 principal amount plus accrued interest up to, but excluding, the payment date. The purchase price included a $15.00 premium for each note tendered by the early tender date.

If the principal amount of notes tendered had exceeded the cap, the principal amount of notes purchased would have been prorated.

Credit Suisse (800 820-1653 or 212 538-1862) was the lead dealer manager, and Global Bondholder Services Corp. (866 470-3900) was the information agent.

Allegheny Energy Supply is the merchant power generation business of Greensburg, Pa.-based electric utility Allegheny Energy, Inc.

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