Rochester Gas and Electric Raises USD300 Million in Public Offering of Bonds Due 2027

Published: May 18 2017
Deal Summary

Rochester Gas and Electric Corporation, a power generation, distribution and transmission company, has completed the public offering of 3.1% first mortgage bonds due June 1, 2027, for gross proceeds of USD300 million. The bonds were issued at 99.803% of the principal amount. Interest on the bonds will be paid semi-annually.

Credit Agricole CIB S.A., JP Morgan, Morgan Stanley, Banco Santander, S.A., and TD Securities Inc acted as bookrunners, while Hunton & Williams LLP acted as legal advisor to the company for the offering.

Deal History:

Announced: On May 5, 2017, Rochester Gas and Electric announced a public offering of 3.1% bonds due June 1, 2027, for gross proceeds of USD300 million.

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