Ipalco to buy or redeem $400 million 5% notes due 2018 via new issue

By Susanna Moon

Chicago, Aug. 17 – Ipalco Enterprises Inc. said it plans to repurchase or redeem its $400 million of outstanding 5% senior secured notes due 2018 using proceeds of a new issue.

Ipalco plans to price $405 million principal amount of senior secured notes in a private offering under Rule 144A and Regulation S, according to a company press release.

The issuer is the holding company of Indianapolis Power & Light Co., a regulated electric utility engaged primarily in generating, transmitting, distributing and selling electric energy in Indiana.

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