Nevada Power to repay revolver borrowings with mortgage notes proceeds

By Sara Rosenberg

New York, July 25 - Nevada Power Co. plans to repay amounts outstanding under its revolving credit facility using proceeds from the sale of general and refunding mortgage notes series S, according to a 424B5 filed with the Securities and Exchange Commission Friday.

Remaining proceeds will be used for general corporate purposes.

Nevada Power is a Las Vegas-based regulated public utility engaged in the distribution, transmission, generation, purchase and sale of electric energy.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.