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Pacific Gas & Electric eyes $400 million 10-year note offering; pricing Tuesday
By Aleesia Forni
Virginia Beach, June 9 – Pacific Gas & Electric Co. plans to price a $400 million offering of senior notes (A3/BBB+/) due 2025 on Tuesday, according to a market source and a 424B5 filing with the Securities and Exchange Commission.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mizuho Securities and Loop Capital Markets are the joint bookrunners.
The co-managers are BNY Mellon Capital Markets LLC, CIBC World Markets Corp., TD Securities, Academy Securities, Blaylock Beal Van, LLC and MFR Securities, Inc.
Proceeds will be used for general corporate purposes, including the repayment of commercial paper.
The electric and natural gas utility is based in San Francisco.
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