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The Empire District Electric Company
EDE announced today that it has
entered into a Bond Purchase Agreement, dated as of April 2, 2012, for a
private placement of $88,000,000 aggregate principal amount of its 3.58% First
Mortgage Bonds due 2027. The first settlement of $38,000,000 occurred today,
and a second settlement of $50,000,000 is anticipated to occur on or about
June 1, 2012. The bonds will mature on April 2, 2027. Interest is payable
semi-annually on the bonds on each April 2 and October 2, commencing October
2, 2012.
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