Semco Energy calls $59.5 million 8% notes

By Angela McDaniels

Seattle, Nov. 1 - Semco Energy, Inc. will redeem its $59.494 million 8% senior notes due 2015 on Nov. 30, according to a company news release.

Noteholders will receive par plus interest accrued to Nov. 30.

The Port Huron, Mich., natural gas utility will use proceeds from a new $55 million unsecured term loan with Union Bank of California, NA to fund the redemption.

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