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Prospect News home > News index > List of issuers A > Headlines for Allete, Inc. > News item
Published on 11/10/2008 in the Prospect News Investment Grade Daily and Prospect News Private Placement Daily.

Allete to privately place $50 million first-mortgage bonds

By Paul A. Harris

St. Louis, Nov. 10 - Allete Inc. is attempting to privately place $50 million of first-mortgage bonds in five-year, seven-year and 10-year tranches (NAIC 1), according to a market source.

Banc of America Securities LLC is the placement agent.

Last March the company privately placed $75 million of 6.02% 15-year first-mortgage bonds.

Allete, a Midwestern energy services provider, has headquarters in Duluth, Minn.


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