debt
confidence high
sentiment neutral
materiality 0.50
NORTHERN STATES POWER CO /WI/: debt financing — NSP-Wisconsin issues $250M of 5.48% first mortgage bonds due 2041
NORTHERN STATES POWER CO /WI/
- Issued $250M aggregate principal of 5.48% First Mortgage Bonds, Series due June 15, 2041.
- Net proceeds of ~$249M; use for general corporate purposes; closing expected June 15, 2026.
- Bonds secured by first mortgage lien on substantially all real and fixed properties.
- Huntington Securities acted as sole placement agent; bonds sold in private placement.
- Make-whole redemption prior to Dec 15, 2040; par redemption thereafter.