-----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, MlS1jEFNW0P1s+noIF7uwAUh/xPnbEsJLnCtx9o3xhFUxNJ3BHrq8FwAGxMr47Qz gOgPnyAZrCmB2H+mcasxhw== 0001104659-08-070987.txt : 20081114 0001104659-08-070987.hdr.sgml : 20081114 20081114154947 ACCESSION NUMBER: 0001104659-08-070987 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20081114 DATE AS OF CHANGE: 20081114 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHWESTERN PUBLIC SERVICE CO CENTRAL INDEX KEY: 0000092521 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 750575400 STATE OF INCORPORATION: NM FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-153241 FILM NUMBER: 081191012 BUSINESS ADDRESS: STREET 1: SPS TOWER STREET 2: TYLER AT SIXTH ST CITY: AMARILLO STATE: TX ZIP: 79101 BUSINESS PHONE: 3035717511 MAIL ADDRESS: STREET 1: PO BOX 1261 CITY: AMARILLO STATE: TX ZIP: 79170 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHWESTERN PUBLIC SERVICE CO CENTRAL INDEX KEY: 0000092521 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 750575400 STATE OF INCORPORATION: NM FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: SPS TOWER STREET 2: TYLER AT SIXTH ST CITY: AMARILLO STATE: TX ZIP: 79101 BUSINESS PHONE: 3035717511 MAIL ADDRESS: STREET 1: PO BOX 1261 CITY: AMARILLO STATE: TX ZIP: 79170 FWP 1 a08-28529_1fwp.htm FWP

 

Final Term Sheet

 

Free Writing Prospectus

Filed Pursuant to Rule 433

Registration Statement No. 333-153241

November 14, 2008

 

SOUTHWESTERN PUBLIC SERVICE COMPANY

 

$250,000,000 SERIES G SENIOR NOTES, 8.75% DUE 2018

 

Issuer:

Southwestern Public Service Company

Issue Format:

SEC Registered

Ratings*:

BBB+/Baa1/BBB+ (stable/stable/stable) (S&P/Moody’s/Fitch)

Note Type:

Senior Notes

Total Principal Amount:

$250,000,000

Pricing Date:

November 14, 2008

Settlement Date:

November 19, 2008

Maturity Date:

December 1, 2018

Interest Payment Dates:

Each June 1 and December 1, commencing on June 1, 2009

Daycount

30/360

Coupon:

8.75% semi-annual

Re-offer/Issue Price to Public:

99.174%

Re-offer Yield:

8.875%

Reference Benchmark:

3.75% due November 15, 2018

Benchmark Price:

100-08

Benchmark Yield:

3.720%

Re-offer Spread:

515.5 bps

Make-Whole Call:

T+50 bps

Sole Book-Running Manager:

J.P. Morgan Securities Inc.

Co-Manager:

Wells Fargo Securities, LLC

 

 

 

Nine Months Ended
September 30, 2008

 

Year Ended
December 31, 2007

 

Pro Forma Ratio of Earnings to Fixed Charges

 

1.6

 

1.5

 

 

*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, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling J.P. Morgan Securities Inc. at 212-834-4533.

 

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