Southwestern Public Service to price first mortgage bonds due 2046

By Cristal Cody

Eureka Springs, Ark., Aug. 5 – Southwestern Public Service Co. plans to price an offering of 30-year first mortgage bonds, according to a 424B5 filed with the Securities and Exchange Commission on Friday.

The series 4 bonds are due Aug. 15, 2046.

KeyBanc Capital Markets Inc., Mizuho Securities USA Inc., U.S. Bancorp Investments Inc. and CIBC World Markets Corp. are the bookrunners.

Proceeds will be used to repay short-term borrowings, to fund about $150 million of the upcoming maturity of $200 million principal outstanding series E 5.6% senior notes due Oct. 1, 2016 and for general corporate purposes.

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

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