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EDE To Sell $75 Million In 1st Mortgage Bonds

The Associated Press

JOPLIN, Mo. (AP) — Empire District Electric Co. said Wednesday it plans to sell $75 million of its first mortgage bonds in a public offering.

The electric, gas and water utility operator said the proceeds will be used to repay short-term debt incurred in part to fund its current construction program.

Banc of America Securities LLC will serve as the sole book-running manager, and Edward D. Jones & Co. LP and Incapital LLC will serve as co-managers, the company said.

Empire District shares gained 21 cents to $13.82 Wednesday afternoon. The stock has traded between $11.92 and $23.48 during the past year.