Tampa Electric plans to sell fixed-rate notes via five bookrunners

By Devika Patel

Knoxville, Tenn., July 22 – Tampa Electric Co. is expected to conduct an offering of dollar-denominated fixed-rate notes, 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, MUFG, RBC Capital Markets LLC Scotia Capital (USA) Inc. and Wells Fargo Securities LLC.

Proceeds will be used for general corporate purposes, including repaying some debt under the company’s credit facilities.

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

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