Edison unit prices $2.7B in senior notes |
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Wed, 02 May 2007 00:04
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ROSEMEAD, Calif. (AP) - Utility operator Edison International on Tuesday said that Edison Mission Energy, an indirect subsidiary of Edison Mission Group, has priced $2.7 billion in senior notes.Edison Mission Energy priced $1.2 billion of senior notes due 2017, $800 million of senior notes due 2019, and $700 million of senior notes due 2027. The offering is expected to close on or about May 7.The company said it will use proceeds for a tender offer for its debt and to contribute to other Edison units for their debt tenders.Shares of Edison dipped 34 cents to $53.09 in aftermarket activity after adding $1.08 to close at $53.43 on the New York Stock Exchange.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Edison unit to offer $2.7B in notes 