Public Service Co. of Colorado plans first mortgage bonds in two parts

By Marisa Wong

Los Angeles, May 10 – Public Service Co. of Colorado intends to price first mortgage bonds, series 38 and series 39, according to a 424B5 filed with the Securities and Exchange Commission.

Both series feature a make-whole call and then a par call.

CIBC World Markets Corp., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, PNC Capital Markets LLC and Scotia Capital (USA) Inc. are the joint bookrunners.

Loop Capital Markets LLC and Penserra Securities LLC are co-managers.

U.S. Bank Trust Co., NA is the trustee.

Faegre Drinker Biddle & Reath LLP and Jones Day will act as counsel for the company. Hunton Andrews Kurth LLP is counsel to the underwriters.

Proceeds will be used to repay short-term borrowings, to help fund the repayment or redemption of outstanding long-term debt, including $300 million aggregate principal amount of the company’s 2.25% first mortgage bonds, and for other general corporate purposes.

Public Service Co. of Colorado is an electric and natural gas company based in Denver and a subsidiary of Xcel Energy Inc.

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