Tampa Electric to price fixed-rate notes via five bookrunners

By Devika Patel

Knoxville, Tenn., June 4 – Tampa Electric Co. is expected to offer fixed-rate notes via five bookrunners, according to a 424B5 filing with the Securities and Exchange Commission.

The notes have a make-whole call and are then redeemable at par.

The bookrunners are J.P. Morgan Securities LLC, RBC Capital Markets Corp., Scotia Capital (USA) Inc., MUFG and Wells Fargo Securities LLC.

Proceeds will be used to repay debt under the company’s credit facilities and for general corporate purposes.

The company is a Tampa, Fla.-based subsidiary of TECO Energy, Inc., an energy-related holding company.

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