By Andrea Heisinger
Omaha, Nov. 29 - Georgia Power Co. priced $100 million of 6.05% 30-year senior monthly notes (A2/A) Thursday, according to a Securities and Exchange Commission filing.
Full terms were not available at press time Thursday.
Edward D. Jones & Co., LP was the bookrunner.
Interest will be payable monthly.
Proceeds will be used to repay a portion of outstanding debt and for general corporate purposes, including the company's continuous construction program.
The utility subsidiary of the Southern Co. is based in Atlanta.
| Issuer: | Georgia Power Co.
|
| Issue: | Senior monthly notes
|
| Amount: | $100 million
|
| Maturity: | Dec. 1, 2038
|
| Bookrunner: | Edward D. Jones & Co. LP
|
| Coupon: | 6.05%, payable monthly
|
| Trade date: | Nov. 29
|
| Settlement date: | Dec. 6
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
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