Printer Friendly

PACIFICORP AUTHORIZES REDEMPTION OF PREFERRED STOCK

 PORTLAND, Ore., Dec. 11 /PRNewswire/ -- On Dec. 11, 1992, PacifiCorp (NYSE: PPW) authorized the redemption on Jan. 25, 1993, of its $50 million of Series B-1 Dutch Auction Rate Transferable No Par Serial Preferred Stock. This action reflects the company's previously announced intent to redeem the stock to lower the costs of the remaining auction preferred series outstanding, given that auction market investor participation has become more limited for issues with BBB+ or A- ratings. On Nov. 19, 1992, the company announced the redemption of its $50 million Series D Market Auction No Par Serial Preferred Stock on Dec. 29, 1992. Both redemptions will be temporarily financed with the proceeds of borrowings.
 -0- 12/11/92
 /CONTACT: Mike Nelson, 503-731-2125, or Chris Hunter, 503-731-2090, both of PacifiCorp/
 (PPW)


CO: PacifiCorp ST: Oregon IN: UTI SU:

JH-LM -- SE011 -- 6332 12/11/92 14:56 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 13, 1992
Words:144
Previous Article:TOY DONATION LIVES ON DESPITE DEMISE OF VARIETY CLUB AND FREDERICK & NELSON, CHILDREN'S HOSPITAL SAYS
Next Article:'THE ERNST & YOUNG TAX-SAVING STRATEGIES GUIDE 1993' OFFERS EXCELLENT PLANNING IDEAS


Related Articles
CONTINENTAL, INC. BOARD AUTHORIZES CALL FOR REDEMPTION OF REMAINING SHARES OF 10-PERCENT SENIOR PREFERRED STOCK
PACIFICORP DECLARES DIVIDEND
PACIFICORP DECLARES DIVIDEND INCREASE
PACIFICORP AUTHORIZES STOCK REDEMPTION
GENERAL MOTORS AUTHORIZES STOCK REDEMPTION
PACIFICORP DECLARES DIVIDEND
FIRST CHICAGO RAISES QUARTERLY DIVIDEND 25 PERCENT; AUTHORIZES 4.5 MILLION SHARE INCREASE TO STOCK REPURCHASE PROGRAM; AUTHORIZES REDEMPTION OF...
PACIFICORP ANNOUNCES DIVIDEND
PACIFICORP ANNOUNCES INTENTION TO REDEEM CERTAIN SERIES OF PREFERRED STOCK
PacifiCorp Announces Intention to Redeem its $1.98 No Par Serial Preferred Stock, Series 1992

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters