Citigroup (NYSE:C), JP Morgan (NYSE:JPM), Credit Suisse (NYSE:CS) and Goldman Sachs (NYSE:GS) were joint bookrunners for an offering of senior secured second lien notes, which sold $350 million for Texas Competitive Electric Holdings.
The original amount targeted to be raised was $300 million.
The bonds were offered in the 144a private placement market, which carry a coupon rate of 15 percent. The notes will mature on April 1, 2021.
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