Wisconsin Public Service pricing $300 million 30-year bonds Monday

By Andrea Heisinger

New York, Nov. 26 - Wisconsin Public Service Corp. is expected to price $300 million of first mortgage bonds due on Dec. 1, 2042 (Aa3/A/) on Monday, according to a market source and a 424B5 filing with the Securities and Exchange Commission.

Bookrunners are Bank of America Merrill Lynch, J.P. Morgan Securities LLC, Scotia Capital USA Inc. and Wells Fargo Securities LLC.

Co-managers are Fifth Third Securities Inc., Mizuho Securities (USA) Inc., PNC Capital Markets and Wedbush Securities.

Proceeds will be used to refund outstanding long-term debt, including $150 million of 4.875% senior notes due Dec. 1; to pay the costs of construction or the acquisition of utility capital assets; to retire short-term debt incurred for construction or acquisition of utility capital assets and other corporate utility purposes; or for general corporate purposes.

The natural gas and utility company is based in Green Bay, Wis.

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