PSEG - announces senior notes due 2031 offering - SEC filing

Public Service Electric and Gas Company (PSEG) has announced a new offering of senior notes due 2031, as disclosed in a recent SEC filing. The notes, issued by PSEG Power LLC, carry a coupon rate of 8 5/8% and are senior unsecured obligations. The offering is part of PSEG’s ongoing efforts to manage its capital structure and fund operational needs. The terms of the offering, including the principal amount and pricing details, were outlined in the SEC filing, which is available for review on the company’s investor relations website. Investors are advised to consider the credit risk associated with senior unsecured debt and to review the full prospectus for additional disclosures. The filing also includes standard financial and operational disclosures required by the SEC, providing transparency for stakeholders and potential investors. As with any debt issuance, the offering reflects PSEG’s strategic approach to financing and liquidity management in alignment with its long-term financial objectives.