Columbia, SC, March 5, 2008…SCANA Corporation (NYSE:SCG) announced today that it sold, in a negotiated offering, $250 million principal amount of senior unsecured Medium Term Notes due April 1, 2020. The 12-year 6.25% fixed-rate notes were priced at 99.002 percent to the Company and will be priced to the public at 99.652 percent. UBS Securities LLC, Banc of America Securities LLC and BB&T Capital Markets served as joint bookrunners for the transaction and Wells Fargo Securities, LLC acted as co-manager for the transaction. The transaction is subject to normal closing conditions.
Net proceeds from the offering will be used by SCANA to repay short-term debt it incurred to pay at maturity on March 1, 2008 $100 million of its floating rate Medium Term Notes, to pay at maturity $115 million of its Medium Term Notes, due October 23, 2008, to repay other short-term debt and for general corporate purposes.
Copies of a written prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended (other than a free writing prospectus as defined in Rule 405), relating to the offering of these securities may be obtained by contacting UBS Securities LLC, 299 Park Avenue (Attention: Prospectus Department), New York, NY 10171.
SCANA Corporation, a South Carolina corporation headquartered in Columbia, SC, is an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses in South Carolina, North Carolina and Georgia. Information about SCANA and its businesses is available on the Company’s web site at www.scana.com.