MINNEAPOLIS--(BUSINESS WIRE)--
Xcel Energy (NYSE: XEL) subsidiary Public Service Company of Colorado
(PSCo) today announced that it closed its offering of $400 million of
its 10-year first mortgage bonds with an annual interest rate of 5.125
percent.
PSCo intends to add the net proceeds from the sale of the first mortgage
bonds to its general funds and apply a portion of such net proceeds to
fund the payment at maturity of its $200 million of 6.875 percent
unsecured senior notes due July 15, 2009. The balance of the net
proceeds will be used for the repayment of utility money pool borrowings
and general working capital.
BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC and
Scotia Capital (USA) Inc. acted as joint book runners for the offering.
Mitsubishi UFJ Securities (USA), Inc. and Mizuho Securities USA Inc.
were co-managers for the offering.
This news release does not constitute an offer to sell or the
solicitation of an offer to buy any of the bonds nor shall there be any
sale of the bonds in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under
the securities laws of any such jurisdiction. The offering of the bonds
may be made only by means of a prospectus supplement and accompanying
prospectus. Copies of the prospectus supplement and accompanying
prospectus for the offering may be obtained on the SEC website at www.sec.gov.
Alternatively, Credit Suisse Securities (USA) LLC will arrange to send
you the prospectus supplement and accompanying prospectus if you request
it by calling toll free 1-800-221-1037. You may also request copies of
the prospectus supplement and accompanying prospectus by calling BNP
Paribas Securities Corp. toll free at 1-800-854-5674 or by calling
Scotia Capital (USA) Inc. toll free at 1-800-372-3930.
Source: Xcel Energy
Contact: Xcel Energy
Financial analysts:
Paul Johnson, 612-215-4535, managing director, Investor Relations
and Assistant Treasurer
or
Jack Nielsen, 612-215-4559, director, Investor Relations
or
News media:
Xcel Energy Media Relations, 612-215-5300