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Published on 8/19/2019 in the Prospect News Investment Grade Daily.

Puget Sound Energy plans to sell fixed-rate senior notes

By Devika Patel

Knoxville, Tenn., Aug. 19 – Puget Sound Energy, Inc. intends to price dollar-denominated 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.

MUFG, Scotia Capital (USA) Inc. and U.S. Bancorp Investments Inc. are the bookrunners.

CIBC World Markets Corp. and KeyBanc Capital Markets Inc. are the co-managers.

Proceeds will be used to pay down a portion of the company’s commercial paper and for general corporate purposes.

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


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