Eversource Energy plans to price $350 million of 10-year senior notes

By Devika Patel

Knoxville, Tenn., March 8 – Eversource Energy is selling $350 million of senior notes due March 15, 2031, according to a 424B3 filing with the Securities and Exchange Commission.

Initial spread talk for the notes is in the Treasuries plus 115 basis points area.

The notes feature a make-whole call until Dec. 15, 2030 and then a par call.

BofA Securities Inc., Citigroup Global Markets Inc., TD Securities (USA) LLC and Wells Fargo Securities LLC are the bookrunners. Siebert Williams Shank & Co. LLC is the co-manager.

Proceeds will be used to refinance short-term debt.

The Boston-based company is engaged in the energy delivery business through utility subsidiaries.

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