Iberdrola International B.V. Assumes the Long-Term Debt of Energy East Corporation
April 08 2009 - 11:36AM
PR Newswire (US)
PORTLAND, Maine, April 8 /PRNewswire/ -- Iberdrola International
B.V., a Dutch company whose sole shareholder is Iberdrola, S.A.,
has assumed, with the unconditional and irrevocable guarantee of
Iberdrola, S.A., the obligations of Energy East Corporation, as
issuer of the bonds listed below (the "US Domestic Bonds") and
Energy East has been released from its obligations under the US
Domestic Bonds. -- An aggregate of $200 million of 8.05% bonds,
which mature in 2010, CUSIP 29266MAA7 -- An aggregate of $400
million of 6.75% bonds, which mature in 2012, CUSIP 29266MAD1 -- An
aggregate of $200 million of 6.75% bonds, which mature in 2033,
CUSIP 29266MAE9. -- An aggregate of $500 million of 6.75% bonds,
which mature in 2036, CUSIP 29266MAF6. As from the date hereof the
credit position of the holders of those US Domestic Bonds have been
enhanced and now rank pari passu to the senior creditors of
Iberdrola, S.A. as regards the assets of the Iberdrola Group.
IMPORTANT INFORMATION This communication does not constitute an
offer to purchase, sell or exchange any securities, or a
solicitation of an offer to purchase, sell or exchange any
securities. The securities referred to in this communication may
not be offered or sold in the United States of America except
pursuant to an effective registration statement under the
Securities Act or pursuant to a valid exemption from registration.
About Energy East: Energy East Corporation, a wholly-owned
subsidiary of Iberdrola, S. A., is a respected super-regional
energy services and delivery company serving about 3 million
customers throughout upstate New York and New England. By providing
outstanding customer service and meeting customers' energy
requirements in an environmentally-responsible manner, Energy East
will continue to be a valuable asset to the communities we serve.
CONTACT: Investor Relations - Energy East, 1-207-688-4386 Website:
http://www.energyeast.com/ DATASOURCE: Energy East Corporation
CONTACT: Investor Relations, Energy East, +1-207-688-4386 Web Site:
http://www.energyeast.com/
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