Public Service Co. of Colorado offers first mortgage bonds

By Mary-Katherine Stinson

Lexington, Ky., March 27 – Public Service Co. of Colorado intends to price first mortgage bonds, series 40, according to a 424B5 filed with the Securities and Exchange Commission.

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

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., TD Securities (USA) LLC, BNP Paribas Securities Corp. and Scotia Capital (USA) Inc. are the joint bookrunners.

PNC Capital Markets LLC and Siebert Williams Shank & Co. 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 and for other general corporate purposes. Until the net proceeds from the sale of the first mortgage bonds have been used, proceeds may be temporarily invested in interest bearing obligations, including investments in the utility money pool.

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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