Northern States Power Company (a Wisconsin Corporation)
Overview
| Deal Type |
Private Placement |
|---|---|
| Size |
$100 Million First Mortgage Bonds |
| Client & Transactional Partners |
Northern States Power Company (a Wisconsin Corporation) |
| Our Role |
Sole Placement Agent |
Summary
On September 12, 2022, Northern States Power Company (a Wisconsin Corporation) (NSPW or the Company) closed on $100 million of privately placed 30-year First Mortgage Bonds. The Company will use the proceeds from the offering for general corporate purposes, including meeting its working capital requirements, funding capital expenditures, and repaying short term debt. KeyBanc Capital Markets acted as Sole Placement Agent on the transaction.
NSPW is a wholly owned subsidiary of Xcel Energy Inc., a major U.S. regulated electric and natural gas delivery company. NSPW conducts business in Wisconsin and Michigan and generates, transmits, distributes and sells electricity. The Company also purchases, transports, distributes and sells natural gas to retail customers and transports customer owned natural gas.
