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Gulf Power Co., 5.75% Series 2011A Senior Notes due 6/1/2051
Ticker Symbol: GUA* CUSIP: 402479745 Exchange: NYSE
* NOTE: This security is no longer trading as of 5/18/2016
Security has been Called for: Wednesday, May 18, 2016
April 18, 2016 -- Gulf Power today announced the redemption on May 18, 2016 of $125 million aggregate principal amount of its Series 2011A 5.75 percent Senior Notes due June 1, 2051. The redemption price for the redemption of the Series 2011A 5.75 percent Senior Notes due June 1, 2051 will be 100 percent of the principal amount thereof ($25 per senior note), plus accrued and unpaid interest to the date of redemption. As trustee, Wells Fargo Bank, National Association is expected to notify each registered holder by first class mail on April 18, 2016. Wells Fargo Bank, National Association is located at 150 East 42nd Street, 40th Floor, New York, N.Y. 10017.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Gulf Power Company, Series 2011A 5.75% Senior Notes due 6/1/2051, issued in $25 denominations, redeemable at the issuer's option on or after 5/18/2016 at $25 per share plus accrued and unpaid interest, and maturing 6/1/2051. Interest distributions of 5.75% ($1.4375) per annum are paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date which is 15 calendar days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (SO)
IPO - 5/13/2011 - 5.00 Million Notes @ $25.00/note.
Link to IPO Prospectus
Market Value $125.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 30 Ivan Allen Jr. Boulevard, N.W., Atlanta, GA 30308 |
| Main Phone Number |
404-506-5000 |
| Fax Number |
404-506-0455 |
| Investor Relations
Dan Tucker
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404-506-5310
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| Toll Free Phone Number |
866-762-6411 |
| CEO - Thomas A. Fanning |
CFO - Arthur P. Beattie |
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