PacifiCorp outlines four-part offering of first mortgage bonds

Chicago, Jan. 3 – PacifiCorp entered the Wednesday market with a four-part offering of fixed-rate first mortgage bonds, according to a 424B5 filing with the Securities and Exchange Commission.

Each of the four bonds will have make-whole call protection and then a par call option during a number of months before each maturity date.

Barclays, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, PNC Capital Markets LLC and Wells Fargo Securities, LLC are listed as joint bookrunners.

Bank of New York Mellon Trust Co., NA will be the trustee.

The issuer is using in-house counsel and Perkins Coie LLP. The underwriters are relying on Latham & Watkins LLP for legal advice.

Proceeds will be used to fund capital expenditures and for general corporate purposes.

PacificCorp, an indirect wholly owned subsidiary of Berkshire Hathaway Energy Co., is a regulated electric company based in Portland, Ore.

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