PacifiCorp plans to price first mortgage bonds in two tranches

By Devika Patel

Knoxville, Tenn., Feb. 25 – PacifiCorp is offering dollar-denominated first mortgage bonds in two tranches, according to a 424B5 filing with the Securities and Exchange Commission.

The bonds both feature a make-whole call and then a par call.

J.P. Morgan Securities LLC, MUFG, PNC Capital Markets LLC, Scotia Capital (USA) Inc., TD Securities (USA) LLC, KeyBanc Capital Markets Inc. and SMBC Nikko are the bookrunners.

Proceeds will be used for general corporate purposes, including repaying short-term debt.

PacificCorp is a regulated electric company based in Portland, Ore.

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