One Energy sells $80 million; Madison Gas and Electric places $40 million 35-year notes

By Devika Patel

Knoxville, Tenn., Jan. 17 – Tuesday was rather active for private placement news. Findlay, Ohio’s One Energy Enterprises LLC announced that it settled an $80 million private placement of a combination of senior and subordinated debt with Prudential Capital Group, which will allow the wind technology company to continue growing its portfolio of Wind for Industry projects throughout Ohio and the United States.

Madison, Wis.-based Madison Gas and Electric Co., a subsidiary of public utility holding company MGE Energy, Inc., settled a $40 million sale of 3.76% senior notes due 2052 on Friday. The notes feature a make-whole call and were issued to fund the repayment of $30 million of 5.25% medium-term notes due Jan. 15, 2017 and for other general corporate purposes.

In addition, Virginia City, Nev.-based Comstock Mining Inc., a gold and silver mining company, said it placed a $10,723,000 11% senior secured debenture due 2021 at 94.7 for proceeds of $10.15 million. The debenture must be prepaid with the cash proceeds from the planned sale of some non-mining properties, and it has a make-whole call option at any time.

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