Edison Mission Notes
IRVINE — Edison Mission Energy, a unit of Edison International, sold $450 million of senior notes and bonds to institutional investors. The notes and bonds will be repaid with cash flow from Edison Mission’s interests in four California cogeneration projects.
The company, which develops and operates independent power production facilities, said it will use the bulk of the proceeds to repay its corporate debt.
Edison said the securities consisted of $260 million of Series A notes due September 2003, and $190 million of Series B bonds due September 2008.
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