trending Market Intelligence /marketintelligence/en/news-insights/trending/6_60qmje-eslo2fpbtnkyg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Mississippi Power sells $600M of notes

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Mississippi Power sells $600M of notes

Mississippi Power Co. sold $600 million worth of senior notes, consisting of $300 million of series 2018A floating-rate notes and $300 million of series 2018B 3.95% notes.

The floating-rate notes mature March 27, 2020. The floating rate is based on the three-month London Interbank Offered Rate, plus 0.65%, reset quarterly. Interest on the notes is payable every 27th of March, June, September and December, beginning June 27.

Meanwhile, the 3.95% notes mature March 30, 2028, and have a spread to Treasury of 115 basis points. Interest on the notes is payable March 30 and Sept. 30 of each year, beginning Sept. 30. The notes were

Both 2018A and 2018B notes were expected to be rated Ba1 by Moody's, A- by S&P Global Ratings and BBB+ by Fitch Ratings, according to free writing prospectuses filed March 22.

The Southern Co. unit plans to use net proceeds to prepay a portion of its $900 million unsecured term loan, which matures on March 30.

Barclays Capital Inc., J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc. and Mizuho Securities USA LLC served as joint book-running managers of the offerings. CIBC World Markets Corp., Commerz Markets LLC, Fifth Third Securities Inc., PNC Capital Markets LLC, Mischler Financial Group Inc., Samuel A. Ramirez & Co. Inc. and The Williams Capital Group LP acted as co-managers.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.