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Article: Wisconsin Public Service Corporation Completes Sale of $150 Million of 4.875% 10-Year Senior Notes.
- Article from:
- PR Newswire
- Article date:
- December 16, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Wisconsin Public Service Corporation, a subsidiary of WPS Resources Corporation , announced that it completed the sale of $150 million of 4.875% 10-year senior notes, which were sold in the public debt market as a registered offering under the Securities Act of 1933. The notes are in the form of fading lien notes and have the security of first mortgage bonds until all other Wisconsin Public Service first mortgage bonds are retired. They then will either become senior unsecured notes or will be secured by substitute mortgage bonds. The notes, which mature on December 1, 2012, pay interest on June 1 and December 1 beginning in 2003. The notes, in $1,000 denominations, ...