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Edison's Midwest Generation unit to raise $1.7bn

5 April 2004 - Midwest Generation, a unit of Edison International, on Friday said it plans to raise $1.7bn through $700m in term loans and a private placement of $1bn in senior secured notes.

Midwest Generation said it will use the proceeds to refinance $693m in debt due in December to its parent Edison Mission Midwest Holdings Co.

It will also use the money to make termination payments of about $970m under its Collins Station lease.





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