The Empire District Electric Company Issues $60,000,000 of First Mortgage Bonds
August 20 2015 - 4:49PM
Business Wire
The Empire District Electric Company (NYSE:EDE) announced today
the settlement related to the Bond Purchase Agreement dated as of
June 11, 2015, for a private placement of $60,000,000 aggregate
principal amount of its 3.59% Series First Mortgage Bonds due 2030.
The First Mortgage Bonds will mature on August 20, 2030. Interest
is payable semi-annually on the bonds on each February 20 and
August 20, commencing February 20, 2016.
The bonds may be redeemed, at the Company’s option, at any time
prior to maturity, at par plus a make whole premium, together with
accrued and unpaid interest, if any, to the redemption date.
The terms of the bonds are set forth in the Bond Purchase
Agreement, dated as of June 11, 2015, by and among the Company and
the purchasers named therein, and the Forty-First Supplemental
Indenture of Mortgage and Deed of Trust dated as of August 20,
2015, by and among the Company and The Bank of New York Mellon
Trust Company, N.A., as principal trustee, and UMB Bank &
Trust, N.A., as Missouri trustee.
The Company expects to use the proceeds from the sale of the
bonds to refinance existing short-term indebtedness and for general
corporate purposes.
The bonds have not been, and will not be, registered under the
Securities Act of 1933, as amended, and may not be offered or sold
in the United States absent registration or an applicable exemption
from registration requirements. This Press Release shall not
constitute an offer to sell or the solicitation of an offer to buy
any security.
Based in Joplin, Missouri, The Empire District Electric Company
(NYSE: EDE) is an investor-owned, regulated utility providing
electric, natural gas (through its wholly owned subsidiary The
Empire District Gas Company), and water service, with approximately
218,000 customers in Missouri, Kansas, Oklahoma, and Arkansas. A
subsidiary of the Company also provides fiber optic services. For
more information regarding Empire, visit
www.empiredistrict.com.
Certain matters discussed in this press release are
“forward-looking statements” intended to qualify for the safe
harbor from liability established by the Private Securities
Litigation Reform Act of 1995. Such statements address future
plans, objectives, expectations, earnings, and events or conditions
concerning various matters. Actual results in each case could
differ materially from those currently anticipated in such
statements, by reason of the factors noted in the Company’s filings
with the SEC, including the most recent Form 10-K and Form
10-Q.
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version on businesswire.com: http://www.businesswire.com/news/home/20150820006241/en/
The Empire District Electric CompanyMedia CommunicationsJulie Maus,
417-625-5101Director of Corporate
Communicationsjmaus@empiredistrict.comorInvestor RelationsDale Harrington,
417-625-4222Director of Investor
Relationsdharrington@empiredistrict.com
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