TAMPA ELECTRIC CO: debt financing — Tampa Electric issues $600M of 5.15% Notes due 2035

TAMPA ELECTRIC CO

Issued $600M aggregate principal amount of 5.15% Notes due March 1, 2035 at 99.731% of par.
Net proceeds after expenses approximately $592.7M; interest payable semiannually on March 1 and September 1 starting Sept 1, 2025.
Notes are unsecured and rank equally with other unsecured unsubordinated debt; redeemable at par from Dec 1, 2034.
Prior to Dec 1, 2034, redeemable at greater of par or discounted present value plus 15 bps spread.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TAMPA ELECTRIC CO incurred senior notes of $600.0 million with The Bank of New York Mellon at 5.15% per annum maturing March 1, 2035.

Instrument: senior notes
Principal: $600.0 million
Counterparty: The Bank of New York Mellon
Rate: 5.15% per annum
Maturity: March 1, 2035
Event: incurrence

Exact text from the filing

On March 6, 2025, Tampa Electric Company (the “Company”) completed its previously reported offering of $600.0 million aggregate principal amount of 5.15% Notes due 2035 (the “Notes”).

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Source: SEC EDGAR

accession 0001193125-25-049974

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