-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ApMVnGnl04DojHppzFZe4wgSSXBiNDa+cACQmhvLyep9+4FuIjH+G/iX5YJ/4R/7 eHM6H/fKxAFE3whBFsX8qQ== 0000092122-07-000094.txt : 20071016 0000092122-07-000094.hdr.sgml : 20071016 20071016111847 ACCESSION NUMBER: 0000092122-07-000094 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20071016 DATE AS OF CHANGE: 20071016 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GULF POWER CO CENTRAL INDEX KEY: 0000044545 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 590276810 STATE OF INCORPORATION: ME FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-138480 FILM NUMBER: 071173441 BUSINESS ADDRESS: STREET 1: ONE ENERGY PLACE CITY: PENSACOLA STATE: FL ZIP: 32520 BUSINESS PHONE: 8504446111 MAIL ADDRESS: STREET 1: ONE ENERGY PLACE CITY: PENSACOLA STATE: FL ZIP: 32520 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GULF POWER CO CENTRAL INDEX KEY: 0000044545 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 590276810 STATE OF INCORPORATION: ME FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: ONE ENERGY PLACE CITY: PENSACOLA STATE: FL ZIP: 32520 BUSINESS PHONE: 8504446111 MAIL ADDRESS: STREET 1: ONE ENERGY PLACE CITY: PENSACOLA STATE: FL ZIP: 32520 FWP 1 gulf2007apreffwp.htm

Filed Pursuant to Rule 433

Registration Nos. 333-138480, 333-138480-01 and 333-138480-02

October 16, 2007

 

PRICING TERM SHEET

(To Preliminary Prospectus Supplement dated October 15, 2007)

Issuer:

Gulf Power Company

Security:

Series 2007A 6.45% Preference Stock, Non-Cumulative, Par Value $100 Per Share

Expected Ratings*:

Baa1/BBB+/A- (Moody’s/Standard & Poor’s/Fitch)

Size:

450,000 shares of Preference Stock

 

Par Value:

$100.00 per share

 

Public Offering Price:

$100.00 per share

 

Coupon:

6.45%

 

Optional Redemption:

Callable in whole or in part, from time to time:

 

•

prior to October 1, 2017, at the greater of (1) $100.00 per share to be redeemed or (2) the sum of the present values of the liquidation amount and the remaining scheduled dividend payments on the shares to be redeemed (excluding any accrued and unpaid dividends) to October 1, 2017, discounted to the redemption date on a quarterly basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the treasury yield plus 25 basis points; or

•

on or after October 1, 2017, at $100.00 per share,

plus, in each case, accrued and unpaid dividends for the current quarterly period.

Net Proceeds to Issuer:

$44,212,500

 

Transaction Date:

October 16, 2007

 

Expected Settlement Date:

October 19, 2007 (T+3)

 

CUSIP:

402479 752

 

Underwriters:

Banc of America Securities LLC

 

Lehman Brothers Inc.

 

* Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Gulf Power Company collect at 1-850-444-6111, Banc of America Securities LLC toll-free at 1-800-294-1322 or Lehman Brothers Inc. toll-free at 1-888-603-5847.

 

 

 

 

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