Tucson Electric Power to purchase all tendered 1983B, 1983C bonds

By Marisa Wong

Madison, Wis., Dec. 2 - Tucson Electric Power Co. said it accepted for purchase all $80 million of 1983 series B bonds and all $50 million of 1983 series C bonds tendered in a cash tender offer that expired at 5 p.m. ET on Dec. 1. Both series of bonds were issued by the Industrial Development Authority of the County of Apache, Ariz.

The company began the cash tender offer for any and all of the outstanding series B and series C bonds on Nov. 9.

Settlement will occur on Dec. 5.

The Tucson-based energy company operates in southern Arizona.

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