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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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