Quantcast

The Empire District Electric Issues $60 Million of 1st Mortgage - KOAM TV 7

The Empire District Electric Issues $60 Million of 1st Mortgage Bonds

Updated:
JOPLIN, MISSOURI -

The Empire District Electric Company (NYSE:EDE) announced today the settlement related to the Bond Purchase Agreement dated as of October 15, 2014, for a private placement of $60,000,000 aggregate principal amount of its 4.27% Series First Mortgage Bonds due 2044. The First Mortgage Bonds will mature on December 1, 2044. Interest is payable semi-annually on the bonds on each June 1 and December 1, commencing June 1, 2015.

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 October 15, 2014, by and among the Company and the purchasers named therein, and the Fortieth Supplemental Indenture of Mortgage and Deed of Trust dated as of December 1, 2014, 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 217,000 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

  • NewsMore>>

  • Explosions heard in Joplin fire, crews remain on scene

    Explosions heard in Joplin fire, crews remain on scene

    Thursday, September 20 2018 1:38 PM EDT2018-09-20 17:38:21 GMT
    Fire at Triple R Recycling, Joplin, MO (Sept. 19, 2018)Fire at Triple R Recycling, Joplin, MO (Sept. 19, 2018)

    The Joplin Fire Department responded to a fire at Triple R Recycling shortly before 10:00 p.m. on Wednesday, September 19th, 2018 (510 S Tyler Ave). Police closed several roads in the area to allow crews to fight the fire. The Joplin Police Department says multiple explosions from the fire were heard across town, resulting in additional 911 calls from concerned residents. Joplin Deputy Fire Chief Andy Nimmo says large barrels of aluminum powder could have caused the ...

    More >>

    The Joplin Fire Department responded to a fire at Triple R Recycling shortly before 10:00 p.m. on Wednesday, September 19th, 2018 (510 S Tyler Ave). Police closed several roads in the area to allow crews to fight the fire. The Joplin Police Department says multiple explosions from the fire were heard across town, resulting in additional 911 calls from concerned residents. Joplin Deputy Fire Chief Andy Nimmo says large barrels of aluminum powder could have caused the ...

    More >>
  • KOAM MORNING NEWS TO KNOW 9-20

    KOAM MORNING NEWS TO KNOW 9-20

    Thursday, September 20 2018 7:18 AM EDT2018-09-20 11:18:54 GMT

    Joplin fire crews respond to a fire late Wednesday night at Triple R Recycling.  Plus all the news you need to know before you walk out the door.

    More >>

    Joplin fire crews respond to a fire late Wednesday night at Triple R Recycling.  Plus all the news you need to know before you walk out the door.

    More >>
  • The Big Serve

    The Big Serve

    Wednesday, September 19 2018 9:48 PM EDT2018-09-20 01:48:37 GMT

    The Big Serve, put on by the Presbyterian Church of Pittsburg, Kansas, kicked off Monday and wraps up Sunday. During that time, church volunteers will complete 17 community service projects.

    More >>

    The Big Serve, put on by the Presbyterian Church of Pittsburg, Kansas, kicked off Monday and wraps up Sunday. During that time, church volunteers will complete 17 community service projects.

    More >>
Powered by Frankly

KOAM - Licensed to Pittsburg, Kansas
Send tips, ideas and press releases to: tips@koamtv.com
Send newsroom questions or comments to: comments@koamtv.com
Phone: (417) 624-0233 or (620) 231-0400
Web comments or questions: webmaster@koamtv.com
Newsroom Fax: (417) 624-3158

Powered by Frankly, Inc. All content © Copyright 2000 - 2018 KOAM. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.