Public Service Company of Oklahoma has raised $250 million in a sale of senior unsecured notes, Reuters reports. The electric utility appointed Goldman Sachs, KeyBanc and Royal Bank of Scotland as the joint bookrunning managers for the deal.
The notes carry a coupon rate of 4.4% and are due to mature on Feb. 1, 2021.The company intends to use the proceeds from the issuance to repay remaining long-term debt as well as for general corporate purposes.
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