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Article: WPS Resources Announces Proposed Offer to Guarantee Certain Senior Unsecured Notes of Peoples Energy Corporation.
- Article from:
- PR Newswire
- Article date:
- February 14, 2007
CopyrightCOPYRIGHT 2007 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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GREEN BAY, Wis., Feb. 14 /PRNewswire-FirstCall/ -- WPS Resources Corporation announced today that it intends to offer, subject to certain conditions and in connection with a consent solicitation to be conducted by Peoples Energy Corporation , to fully and unconditionally guarantee (Guaranty) $325,000,000 aggregate principal amount of 6.9% Senior Unsecured Notes due January 15, 2011, of Peoples Energy (Notes).
WPS Resources will not issue the Guaranty unless the merger of Peoples Energy with a wholly owned subsidiary of WPS Resources in which Peoples Energy will become a wholly owned subsidiary of WPS Resources is completed and a majority of the holders of the ...