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Pacific Gas & Electric eyes two-part note offering; pricing Wednesday
By Aleesia Forni
Virginia Beach, Va., June 12 - Pacific Gas & Electric Co. plans to price a two-part offering of senior notes on Wednesday, according to a 424B5 filing with the Securities and Exchange Commission.
BofA Merrill Lynch, Citigroup Global Markets Inc., BNP Paribas Securities Corp. and CastleOak Securities LP are the joint bookrunners.
Mizuho Securities USA Inc., U.S. Bancorp Investments Inc., Williams Capital Group LP, Great Pacific Securities and Kota Global Securities are the co-managers.
The company plans to use the proceeds from the offering to purchase up to $500 million of its outstanding 4.8% senior notes due March 1, 2014 and for general corporate purposes, including the repayment of a portion of the company's outstanding commercial paper.
The electric and natural gas utility is based in San Francisco.
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