By Sheri Kasprzak
New York, Dec. 16 - Energy Northwest of Washington state priced $155.805 million of series 2010D Columbia Generating Station electric revenue bonds, said a pricing sheet.
The bonds were sold through Citigroup Global Markets Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC, Bank of America Merrill Lynch and Prager, Sealy & Co. LLC.
The bonds are due 2023 and 2024 with 5.61% and 5.71% coupons, respectively. Both priced at par.
Proceeds will be used to finance capital improvements at the Columbia Generating Station, including fuel for the station's reactor, computer upgrades, the replacement of various equipment and infrastructure and the construction of motors, valves, piping and pumps.
Energy Northwest is based in Richland, Wash.
Issuer: | Energy Northwest
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Issue: | Series 2010D Columbia Generating Station electric revenue bonds
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Amount: | $155.805 million
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Type: | Negotiated
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Underwriters: | Citigroup Global Markets Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC, Bank of America Merrill Lynch and Prager, Sealy & Co. LLC
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Pricing date: | Dec. 15
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Settlement date: | Dec. 22
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|
Amount | Maturity | Type | Coupon | Price
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$23.425 million | 2023 | Serial | 5.61% | 100
|
$132.38 million | 2024 | Serial | 5.71% | 100
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