Cayce, SC, May 5, 2011…SCANA Corporation (NYSE:SCG), announced today that it sold, in a negotiated offering, $300 million principal amount of its Medium Term Notes due May 15, 2021. The 4.75 percent fixed rate notes were priced to SCANA at 99.089 percent, and are initially being offered to the public at 99.739 percent with a yield to maturity of 4.783 percent. Morgan Stanley & Co. Incorporated, UBS Securities LLC, and Wells Fargo Securities, LLC acted as joint book-running managers, and Deutsche Bank Securities Inc. and Mitsubishi UFJ Securities (USA) Inc., acted as co-managers for the transaction.
SCANA intends to apply the net proceeds from the sale of the notes, together with other funds, to pay at maturity $300 million of its Medium Term Notes due May 15, 2011.
It is anticipated that these notes will be issued on May 12, 2011. The transaction is subject to normal closing conditions.
Copies of a written prospectus (and related prospectus supplement and pricing supplement) meeting the requirements of Section 10 of the Securities Act of 1933, as amended (other than a free writing prospectus as defined in SEC Rule 405), relating to the offering of these notes may be obtained by contacting UBS Securities LLC, Attention: Prospectus Specialist, 299 Park Avenue, New York, NY 10171.
SCANA Corporation, a South Carolina corporation headquartered in Cayce, SC, is an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses.