Puget Sound Energy announces plans to price fixed-rate notes

By Devika Patel

Knoxville, Tenn., June 4 – Puget Sound Energy, Inc. intends to price fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

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

BofA Merrill Lynch, J.P. Morgan Securities LLC, Mizuho Securities USA Inc., Barclays, Scotia Capital (USA) Inc. and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used to repay at maturity $200 million of the company’s 6.47% senior secured notes due June 15, 2018, to pay down a portion of its commercial paper and for general corporate purposes.

Puget Sound Energy is a Bellevue, Wash.-based electric utility company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.