Strong Investor Interest Produces Successful Bond Sale to Refinance Debt, Meet New Capital Needs
July 25, 2024
July 25, 2024
MONCKS CORNER, South Carolina, July 25 -- Santee Cooper, South Carolina's largest power provider and source of electricity, issued the following news release on July 24, 2024:
Advancing its strategic debt management plan, the Santee Cooper Board of Directors today approved the sale of approximately $865 million in bonds to refinance debt issued in 2013 and 2014. The transaction will achieve approximately $180 million in gross savings for customers through 2054. This equates to net p . . .
Advancing its strategic debt management plan, the Santee Cooper Board of Directors today approved the sale of approximately $865 million in bonds to refinance debt issued in 2013 and 2014. The transaction will achieve approximately $180 million in gross savings for customers through 2054. This equates to net p . . .