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Energy Northwest, Wash., organizes $268.95 million of refunding bonds
By Sheri Kasprzak
New York, July 31 – Energy Northwest of Washington State plans to sell $268.95 million of series 2014 electric revenue refunding bonds, according to a preliminary official statement.
The deal includes $196,695,000 of series 2014C Project 1 bonds and $72.25 million of series 2014C Project 3 bonds.
The bonds will be sold through joint bookrunners J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Goldman, Sachs & Co. and BofA Merrill Lynch.
The Project 1 bonds are due 2025 to 2027 and the Project 3 bonds are due in 2028.
Proceeds will be used to repay a line of credit issued in June of 2014 and a Project 1 note due July 1, 2014.
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