HOUSTON — Bracewell LLP represented the underwriters in the registered offering by Tucson Electric Power Company of $350 million aggregate principal amount of its 4.00% Senior Notes due 2050, which were issued on April 9, 2020. Tucson Electric Power Company intends to use the net proceeds from the offering to repay term loans primarily used to invest in wind and natural gas-powered generation assets, to repay borrowings under its revolving credit facility and for general corporate purposes.
SunTrust Robinson Humphrey, Inc., BBVA Securities Inc., BNY Mellon Capital Markets, LLC and Wells Fargo Securities, LLC served as joint book-running managers for the offering.
Bracewell lawyers involved in the transaction include:
Counsel: J. Anthony Terrell