By Kenneth Lim
Boston, Feb. 27 - American Transmission Co. priced an upsized $150 million of 10-year notes with a coupon of 5.4% to yield Treasuries plus 265 basis points, market sources said.
The size of the deal was originally set at $100 million.
Wachovia Securities LLC, J.P. Morgan Securities Inc. and Goldman Sachs & Co. are the bookrunners.
The notes feature a make-whole call at Treasuries plus 50 bps.
American Transmission is a Waukesha, Wis.-based multi-state transmission-only utility.
| Issuer: | American Transmission Co.
|
| Issue: | Notes
|
| Amount: | $150 million, increased from $100 million
|
| Bookrunners: | Wachovia Securities LLC, J.P. Morgan Securities Inc., Goldman Sachs & Co.
|
| Coupon: | 5.4%
|
| Spread: | 265 bps over Treasuries
|
| Call: | Non-callable with make-whole call at Treasuries plus 50 bps
|
| Pricing date: | Feb. 27
|
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