ITC Great Plains to repay credit agreement debt via bond offering

By Tali Rackner

Norfolk, Va., Oct. 29 – ITC Great Plains, LLC plans to use the proceeds from a $150 million bond offering to repay existing debt under its $100 million term loan credit agreement and amounts under its revolving credit agreement, according to an 8-K filing with the Securities and Exchange Commission.

Proceeds will also be used for general corporate purposes.

The Topeka, Kan.-based subsidiary of ITC Holdings Corp. provides electricity transmission services.

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