Wisconsin Electric Power intends to sell debentures

By Devika Patel

Knoxville, Tenn., Dec. 3 – Wisconsin Electric Power Co. is offering dollar-denominated debentures, according to a 424B5 filing with the Securities and Exchange Commission.

The debentures have a make-whole call and then a par call.

BNP Paribas Securities Corp., Mizuho Securities USA Inc., RBC Capital Markets Corp. and Scotia Capital (USA) Inc. are the bookrunners. Siebert Williams Shank & Co. LLC is the co-manager.

Proceeds will be used to repay at maturity $250 million of 4.25% debentures due Dec. 15, 2019, to repay short-term debt and for working capital and other corporate purposes.

Wisconsin Electric Power is a Milwaukee-based subsidiary of WEC Energy Group, Inc.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.