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SCANA Corp., 7.70% Enhanced Junior Subordinated Notes, 2009 Series A
Ticker Symbol: SCU* CUSIP: 80589M201 Exchange: NYSE
* NOTE: This security is no longer trading as of 2/02/2015
Security has been Called for: Monday, February 2, 2015
January 8, 2015 -- SCANA Corporation (SCG) announced today that it has elected to redeem in advance of maturity its $150,000,000 principal amount 2009 Series A, 7.70% Enhanced Junior Subordinated Notes. The entire outstanding principal amount of the Notes are being called for redemption on February 2, 2015 at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest through, but not including, the redemption date. U.S. Bank National Association is the Trustee and paying agent for the Notes. The address of the paying agent in New York City is U.S. Bank GCTS, Attention: Presentment Window, 100 Wall Street, 16th Floor, New York, NY 10005, and in St. Paul, Minnesota is U.S. Bank, Global Corporate Trust Services, 111 Fillmore Avenue E., St. Paul, MN 55107. For a list of redemption requirements noteholders may visit the U.S. Bank website at www.usbank.com/corporatetrust and click on the "Bondholder Information" link. U.S. Bank's Bondholder Communication team may also be contacted at 1-800-934-6802 Monday through Friday from 8:00 a.m. to 6:00 p.m. central standard time. The Notes will continue to be listed on the NYSE until redemption under the symbol "SCUCL."
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QUANTUMONLINE.COM SECURITY DESCRIPTION: SCANA Corp., 2009 Series A, 7.70% Enhanced Junior Subordinated Notes, issued in $25 denominations, redeemable at the issuer's option on or after 1/30/2015 at $25 per share plus accrued and unpaid interest, and maturing 1/30/2065 which may be extended to 1/30/2080. Interest distributions of 7.70% ($1.925) per annum are paid quarterly on 1/30, 4/30, 7/30 & 10/30 to holders of record on the record date which is the business day 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 subordinated obligations of the company and will rank equally with all existing and future unsecured and subordinated 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 (SCG)
IPO - 11/18/2009 - 6.00 Million Notes @ $25.00/note.
Link to IPO Prospectus
Market Value $150.0 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: 100 SCANA Parkway, Cayce, SC 29033 |
| Main Phone Number |
803-217-9000 |
| Fax Number |
Not Available |
| Investor Relations
Christina Putnam
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803-217-7512
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| CEO - Kevin B. Marsh |
CFO - Jimmy E. Addison |
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