Pacific Gas & Electric eyes two-part note offering

By Aleesia Forni

Virginia Beach, Va., Nov. 6 - Pacific Gas & Electric Co. plans to price a two-part offering of senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

Barclays, Goldman Sachs & Co., RBC Capital Markets and Wells Fargo Securities are the joint bookrunners.

The company plans to use proceeds to repay $400 million of its 6.25% senior notes due Dec. 1, 2013. Remaining proceeds from the offering will be used for general corporate purposes, including to repay a portion of the company's outstanding commercial paper.

The electric and natural gas utility is based in San Francisco.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.