Tampa Electric to pay down loans under three facilities via new notes

By Susanna Moon

Chicago, June 4 – Tampa Electric Co. plans to repay debt under its credit facilities using proceeds of a new issue of notes, according to a 424B5 filing with the Securities and Exchange Commission.

The company said its unsecured credit facility matures on March 22, 2022, its accounts receivable credit facility is due March 22, 2021 and its one-year term facility matures on Nov. 1, 2018.

Proceeds also will be for general corporate purposes.

The company is a Tampa, Fla.-based subsidiary of TECO Energy, Inc., an energy-related holding company.

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