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PSEG Power to sell two-part notes in five-, 10-year tranches Tuesday
By Aleesia Forni
Virginia Beach, Nov. 5 - PSEG Power LLC is planning to price a two-part offering of senior notes in tranches due 2018 and 2023 on Tuesday, according to a market source and a 424B5 filed with the Securities and Exchange Commission.
Barclays, BNP Paribas Securities Corp., Goldman Sachs & Co., Mizuho Securities USA Inc. and Wells Fargo Securities LLC are the joint bookrunners.
Credit Agricole CIB, TD Securities (USA) LLC and Drexel Hamilton are the co-managers.
PSEG Fossil LLC, PSEG Nuclear LLC and PSEG Energy Resources & Trade LLC will guarantee the notes.
The energy supply company is based in Newark, N.J.
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