Mississippi Power to repay portion of $900 million loan via new notes

By Sarah Lizee

Olympia, Wash., March 22 – Mississippi Power Co. intends to repay a portion of its $900 million unsecured term loan due March 30, 2018 using proceeds from new notes, according to 424B5 filings with the Securities and Exchange Commission.

The company said it plans to sell series 2018A floating-rate senior notes and fixed-rate series 2018B senior notes in concurrent offerings.

The term loan bears interest at a floating rate, which was 3.148% as of Feb. 28.

Gulfport, Miss.-based Mississippi Power distributes and sells electricity.

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