The Empire District Electric Company (the “Company”)(NYSE:EDE) announced its call for redemption of (1) all $74,829,000 aggregate principal amount of the Company’s First Mortgage Bonds, 7.00% Series due 2024, (2) all $5,200,000 of the Company’s First Mortgage Bonds, 5.20% Pollution Control Series due 2013 , and (3) all $8,000,000 of the Company’s First Mortgage Bonds, 5.30% Pollution Control Series due 2013. The redemption date for each series of bonds has been set for April 1, 2012. The entire principal amount of each series of bonds will be redeemed in full at a redemption price equal to 100% of the principal amount thereof, plus accrued interest to but not including the date of redemption, calculated as provided in the bonds and in the underlying Indenture of Mortgage and Deed of Trust.
The Company expects to finance the redemption with a private placement of first mortgage bonds.
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 215,000 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.
Certain matters discussed in this press release are “forward-looking
statements” intended to qualify for the safe harbor from liability
established by the Private Securities Litigation Reform Act of 1995.
statements address future plans, objectives, expectations, and events or
conditions concerning various matters.
Actual results in each
case could differ materially from those currently anticipated in such
statements, by reason of the factors noted in our filings with the SEC,
including the most recent Form 10-K.
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