LINCOLN, Neb. (June 9, 2026) — Lincoln Electric System completed a successful revenue and refunding bond sale June 2, positioning the utility to support continued system investments while maintaining long-term financial stability.
The Series 2026 bond issue totaled $299,725,000 and included maturities from 2027 through 2048. The bonds were offered first to retail investors, reinforcing LES’ commitment to providing local investment opportunities.
Strong demand for the bonds, supported by LES’ AA credit ratings from Fitch Ratings and S&P Global, helped the utility secure an all-in interest rate of 3.68%. The transaction is expected to generate approximately $4,688,000 in net-present-value-savings.
Proceeds from the bonds will fund capital improvements, reimburse prior system investments and refund a portion of existing debt to better align with LES’ long-term financial plans.
“This was a strong outcome for LES and our customers,” said Emily Koenig, LES chief financial officer. “We’re focused on being thoughtful and disciplined in how we access the market, and this financing allows us to support needed system investments while keeping costs as low as possible over time.”
LES’ continued access to cost-effective financing supports its ability to maintain reliable service, invest in infrastructure and keep rates competitive for customers.
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