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PacifiCorp selling $300 million 10-year mortgage bonds Monday
By Andrea Heisinger
New York, June 3 - PacifiCorp is planning a $300 million offering of 10-year first mortgage bonds (A2/A/A-) for Monday pricing, according to a market source and a 424B5 filing with the Securities and Exchange Commission.
Bookrunners are RBS Securities Inc., Scotia Capital (USA) Inc. and Wells Fargo Securities LLC.
Proceeds will be used to fund capital expenditures and for general corporate purposes, including paying a portion of a $350 million dividend payable to PPW Holdings LLC on June 26.
The electric utility is based in Portland, Ore.
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