The Empire District Electric Company announced today that it plans to sell $75,000,000 principle amount of its first mortgage bonds in a public offering.
The proposed offering will be conducted pursuant to Empire’s currently effective shelf registration statement.
Bank of America Securities LLC will serve as the sole book-running manager. Edward D. Jones & Co., LP and Incapital LLC are acting as comanagers.
Funds raised will be used to repay short-term debt which was incurred, in part, to fund the utility company’s current construction program.