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Wisconsin Public Service eyes $450 million 31-year bond sale
By Aleesi Forni
Virginia Beach, Nov. 14 - Wisconsin Public Service Corp. is expected to bring $450 million issue of senior notes due Nov. 1, 2044 to the primary market, according to an informed source and a 424B5 filed with the Securities and Exchange Commission on Thursday.
Deutsche Bank Securities Inc., Mizuho Securities USA Inc., Scotia Capital (USA) Inc., Goldman Sachs & Co., Mitsubishi UFJ Securities (USA) Inc. and U.S. Bancorp Investments Inc. are the joint bookrunners.
Proceeds will be used to partially finance the cost of the company's acquisition of Fox Energy Center, to refund outstanding long-term debt, to pay costs of construction or acquisition of other utility capital assets, to retire short-term debt and for other general corporate utility purposes.
The subsidiary of Integrys Energy Group, Inc. is based in Green Bay, Wis.
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