By Sheri Kasprzak
New York, June 26 - The Pennsylvania Economic Development Financing Authority priced $235 million in unsecured 7% tax-exempt facilities revenue bonds for Allegheny Energy Supply Co. LLC, according to a statement from the company.
The bonds (//BBB-) are due July 15, 2039.
Proceeds will be used to fund a portion of the pollution-control equipment and solid waste disposal facilities at Hatfield, Pa.'s Ferry Power Station.
The corporate headquarters of Allegheny Energy Supply are located in Greensburg, Pa.
| Issuer: | Pennsylvania Economic Development Financing Authority/Allegheny Energy Supply Co. LLC
|
| Issue: | Unsecured tax-exempt facilities revenue bonds
|
| Amount: | $235 million
|
| Maturity: | July 15, 2039
|
| Coupon: | 7%
|
| Rating: | Fitch: BBB-
|
| Pricing date: | June 26
|
| Settlement date: | July 6
|
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