Published on 1/14/2022 in the Prospect News Private Placement Daily.
New Issue: International Transmission places $150 million 2.93% first mortgage bonds
By Wendy Van Sickle
Columbus, Ohio, Jan. 14 – International Transmission Co. settled a $150 million private placement of 2.93% first mortgage bonds due Jan. 14, 2052 in a $20 million series I tranche and a $130 million series J tranche, according to an 8-K filed Friday with the Securities and Exchange Commission.
The bonds have a make-whole call until July 14, 2051, then a par call.
The electric transmission company, a subsidiary of ITC Holdings Corp., is based in Novi, Mich.
| Issuer: | International Transmission Co.
|
| Issue: | First mortgage bonds
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| Amount: | $150 million
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| Maturity: | Jan. 14, 2052
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| Coupon: | 2.93%
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| Call: | Make-whole call until July 14, 2051, then a par call
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| Settlement date: | Jan. 14
|
| Distribution: | Private placement
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