Tampa Electric preps $250 million of notes due 2045; pricing Friday

By Aleesia Forni

Virginia Beach, May 15 – Tampa Electric Co. intends to bring a $250 million offering of notes due 2045 to market on Friday, according to a market source and a filing with the Securities and Exchange Commission.

BNY Mellon Capital Markets, LLC, MUFG, RBC Capital Markets LLC and SunTrust Robinson Humphrey, Inc. are the bookrunners.

Fifth Third Securities Inc., Scotia Capital (USA) Inc. and Williams Capital Group, LP are the co-managers.

Proceeds will be used to repay short-term debt and for general corporate purposes.

The Tampa, Fla.-based electric and gas utility is a subsidiary of TECO Energy, Inc.

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