Securities and Exchange Commission
Washington, DC 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act 1934
Date of Report October 21, 1999
(Date of earliest event reported)
MidAmerican Energy Holdings Company
(Exact name of registrant as specified in its charter)
Iowa 0-25551 94-2213782
(State of other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
666 Grand Avenue Des Moines, Iowa 50309
(Address of principal executive offices) Zip Code
Registrant's Telephone Number, including area code: (515) 242-4300
N/A
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
On October 20, 1999, the Registrant announced that it has
established the final pricing for the tender of its 9 7/8% Senior
Notes due 2006, in connection with its previously announced cash
tender offer and consent solicitation for such Notes. A copy of
the press release issued by CalEnergy is attached hereto as
Exhibit 1 and is incorporated herein by reference.
Item 7. Financial Statements and Exhibits
Exhibit 1 - Press Release dated October 21, 1999
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
MidAmerican Energy Holdings Company
By: \s\ Douglas L. Anderson
Douglas L. Anderson
Vice President
Dated: October 21, 1999
<PAGE>
FOR IMMEDIATE RELEASE
Kevin Waetke, Director -- Corporate Communications (515) 281-2785
Jodie Stephens, Director -- Investor Relations (515) 281-2204
MidAmerican Tenders for 9 1/2% Senior Notes - Final Pricing Set
Des Moines, Iowa - October 21, 1999 - MidAmerican Energy Holdings
Company ("MidAmerican" or the "Company") (NYSE: MEC, PCX and London)
announced today that the Company has established the final pricing
for the tender of its 9 1/2% Senior Notes due 2006 (the "Notes")
(CUSIP No. 129466AD0), in connection with its previously announced
cash tender offer and consent solicitation for such Notes. The Notes
were previously issued by MidAmerican's predecessor, CalEnergy
Company, Inc. The yield on the Reference Security was fixed at
5.958% and the Total Consideration Yield is 6.308%. Accordingly, the
Total Consideration to be paid to holders who tendered prior to 5:00
p.m. on October 7, 1999 is $1,097.98 per $1,000 principal amount of
Notes, and the Tender Offer Consideration for those not tendering on
or before such time but before the Expiration Date of October 22,
1999 is $1,077.09. The Company expects to make such payments,
together with accrued and unpaid interest, on October 27, 1999.
This announcement is not an offer to purchase, a solicitation of an
offer to purchase or a solicitation of consents with respect to the
Notes. The offer and consent solicitation are being made solely by
the Offer to Purchase and Consent Solicitation Statement dated
September 24, 1999 and the related Consent and Letter of Transmittal,
as the same may be amended from time to time.
MidAmerican Energy Holdings Company, headquartered in Des Moines,
Iowa, USA, has approximately 9,800 employees and is the largest
publicly traded company in Iowa. Through its retail utility
subsidiaries, MidAmerican Energy in the U.S. and Northern Electric in
the U.K., the Company provides electric service to 2.2 million
customers and natural gas service to 1.2 million customers worldwide.
Through CalEnergy, the Company's independent power production and non-
regulated business subsidiaries, and MidAmerican Energy's utility
operations, MidAmerican manages and owns interests in approximately
8,300 net megawatts of diversified power generation facilities in
operation, construction and development. Information about
MidAmerican and its three principal subsidiary companies is available
on the Internet at http://www.midamerican.com.
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