Public Service Colorado plans to repay debt via bond issue proceeds

By Jennifer Chiou

New York, Oct. 5 - Public Service Co. of Colorado plans to use proceeds from the sale of first-mortgage bonds or senior debt securities for the repayment of short-term debt and refunding of long-term debt at maturity, according to an S-3ASR with the Securities and Exchange Commission.

Other proceeds will go to general corporate purposes, including capital expenditures.

The company noted that it has no short-term debt outstanding as of June 30.

The electric company is based in Denver.

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