Southwestern Public to sell $300 million green first mortgage bonds

By Devika Patel

Knoxville, Tenn., May 11 – Southwestern Public Service Co. expects to price $350 million of green first mortgage bonds, series No. 8, due 2050, according to a 424B5 filed with the Securities and Exchange Commission.

The notes feature a make-whole call until Nov. 1, 2049, then a par call.

Barclays, Credit Suisse Securities (USA) LLC and PNC Capital Markets LLC are the bookrunners.

Proceeds will be used to finance or refinance eligible green expenditures.

Amarillo, Tex.-based Southwestern Public Service generates, purchases, distributes and sells electricity in portions of Texas and New Mexico.

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