SSE Places GBP500 Million of Senior Notes
March 09 2016 - 12:51PM
Dow Jones News
By Tapan Panchal
LONDON--Energy company SSE PLC (SSE.LN) said Wednesday that it
has completed a private placement of senior notes with 19 U.S. and
U.K.-based investors for a total consideration of around 500
million pounds ($711.68 million) in seven, 10 and 11-year
maturities.
The transaction, which has a weighted average maturity of 9.6
years, is expected to be completed before the end of March. The net
proceeds will be used to refinance maturing debt and fund SSE's
capital program.
Write to Tapan Panchal at tapan.panchal@wsj.com
(END) Dow Jones Newswires
March 09, 2016 12:36 ET (17:36 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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