MILWAUKEE, Sept. 16, 2015 /PRNewswire/ -- Integrys Holding, Inc. (Integrys), successor by merger to Integrys Energy Group, Inc. and wholly owned subsidiary of WEC Energy Group, Inc., announced today that it has notified the New York Stock Exchange (NYSE) of its intention to voluntarily delist its 6.00% Junior Subordinated Notes due 2073 (Notes) from the NYSE. Following the delisting, Integrys intends to deregister the Notes from registration with the U.S. Securities and Exchange Commission.
On June 29, 2015, Integrys became the successor obligor under the Notes as a result of its merger with Integrys Energy Group, Inc., the original issuer of the Notes. In connection with the acquisition, the common stock of Integrys Energy Group was delisted from the NYSE, and as a result the Notes are the only securities of Integrys currently listed on the NYSE. Taking into account the small number of holders and low trading volume of the Notes, Integrys determined to delist the Notes because the administrative costs and burdens associated with maintaining the listing exceed the benefits.
After the delisting, holders of the Notes will continue to deal with and receive their interest payments through the trustee, U.S. Bank National Association. Integrys has not arranged for the listing and/or registration of the Notes on another national securities exchange or quotation system.
Certain statements contained in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based upon management's current expectations and are subject to risks and uncertainties, including those matters described under the heading "Factors Affecting Results, Liquidity and Capital Resources" in Management's Discussion and Analysis of Financial Condition and Results of Operations and under the headings "Risk Factors" and "Forward-Looking Statements," contained in Integrys' Form 10-K for the year ended Dec. 31, 2014 and in subsequent reports filed by the company with the Securities and Exchange Commission, that could cause Integrys' actual results to differ materially from those contemplated in the statements. Readers are cautioned not to place undue reliance on these statements. In some cases, forward-looking statements may be identified by reference to a future period or periods or by the use of forward-looking terminology such as "anticipates," "believes," "estimates," "expects," "forecasts," "guidance," "intends," "may," "objectives," "plans," "possible," "potential," "projects," "should," "targets," "will" or similar terms or variations of these terms. Integrys expressly disclaims any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Integrys Holding, Inc.