0001193125-24-137280.txt : 20240513 0001193125-24-137280.hdr.sgml : 20240513 20240513164256 ACCESSION NUMBER: 0001193125-24-137280 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240513 DATE AS OF CHANGE: 20240513 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NORTHERN STATES POWER CO /WI/ CENTRAL INDEX KEY: 0000072909 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 390508315 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-278797-03 FILM NUMBER: 24939802 BUSINESS ADDRESS: STREET 1: 1414 W HAMILTON AVE CITY: EAU CLAIRE STATE: WI ZIP: 54702 BUSINESS PHONE: 7158392621 MAIL ADDRESS: STREET 1: P O BOX 8 CITY: EAU CLAIRE STATE: WI ZIP: 54702-008 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NORTHERN STATES POWER CO /WI/ CENTRAL INDEX KEY: 0000072909 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 390508315 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 1414 W HAMILTON AVE CITY: EAU CLAIRE STATE: WI ZIP: 54702 BUSINESS PHONE: 7158392621 MAIL ADDRESS: STREET 1: P O BOX 8 CITY: EAU CLAIRE STATE: WI ZIP: 54702-008 FWP 1 d828273dfwp.htm FWP FWP

Free Writing Prospectus

Filed Pursuant to Rule 433

Registration Statement No. 333-278797-03

NORTHERN STATES POWER COMPANY

(a Wisconsin corporation)

$400,000,000 5.65% FIRST MORTGAGE BONDS, SERIES DUE JUNE 15, 2054

 

Issuer:    Northern States Power Company (a Wisconsin corporation)
Issue Format:    SEC Registered
Expected Ratings*:    Aa3/A/A+ (Negative/Negative/Stable) (Moody’s/S&P/Fitch)
Security Type:    First Mortgage Bonds
Pricing Date:    May 13, 2024
Settlement Date:    May 16, 2024 (T+3)
Principal Amount:    $400,000,000
Maturity Date:    June 15, 2054
Interest Payment Dates:    Semi-annually on June 15 and December 15, commencing December 15, 2024
Reference Benchmark:    4.250% due February 15, 2054
Benchmark Price:    93-31
Benchmark Yield:    4.625%
Spread to Benchmark Treasury:    +105 bps
Yield to Maturity:    5.675%
Coupon:    5.65%
Price to Public:    99.634% of the principal amount
Net Proceeds to Issuer:    $395,036,000 (after deducting the underwriting discount but before transaction expenses)
Make-Whole Call:    Prior to December 15, 2053 (the par call date), T +20 bps (calculated to the par call date)
Par Call:    On or after December 15, 2053, at par
CUSIP/ISIN:    665789 BC6 / US665789BC69
Minimum Denominations:    $2,000 and integral multiples of $1,000 in excess thereof
Joint Book-Running Managers:   

BMO Capital Markets Corp.

KeyBanc Capital Markets 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 website at www.sec.gov. Alternatively, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling BMO Capital Markets Corp., toll-free at 1-866-864-7760 or KeyBanc Capital Markets Inc., toll-free at 1-866-227-6479.