Southern California Edison offers two tranches of first and refunding mortgage bonds

By Cristal Cody

Tupelo, Miss., March 12 – Southern California Edison Co. (A3/A-/A) plans to price two tranches of dollar-denominated first and refunding mortgage bonds, according to a 424B5 filing with the Securities and Exchange Commission on Tuesday.

The offering includes series 2019A bonds and series 2019B bonds.

Bookrunners are Barclays, J.P. Morgan Securities LLC, PNC Capital Markets LLC, Wells Fargo Securities LLC, BNP Paribas Securities Corp. and BNY Mellon Capital Markets LLC.

Both tranches will have make-whole and par calls.

The company held fixed income investor calls on Friday.

Proceeds will be used to repay commercial paper borrowings and for general corporate purposes.

Southern California Edison is a Rosemead, Calif.-based electric utility company and subsidiary of Edison International.

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