Eversource Energy to price two series of notes due 2027, 2032

By Rebecca Melvin

Concord, N.H., Feb. 22 – Eversource Energy is offering two series of notes due 2027 and 2032, according to a 424B3 filing with the Securities and Exchange Commission.

The series V notes mature March 1, 2027, and the series W notes mature March 1, 2032.

The notes are optionally redeemable at any time prior to the par call date at par plus a make-whole amount and interest.

The par call date of the 2027 notes is one month ahead of maturity, and the par call date of the 2032 notes is three months ahead of maturity.

Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are global coordinators for both tranches of notes.

Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, PNC Capital Markets LLC and RBC Capital Markets LLC are joint bookrunners of the 2027 notes, while Mizuho Securities USA Inc., MUFG, TD Securities (USA) LLC and Wells Fargo Securities LLC are joint bookrunners of the 2032 notes.

Samuel A. Ramirez & Co. Inc. is a co-manager of the notes together with Wolfe Capital Markets Advisory on the 2027 notes and co-manager together with Siebert Williams Shank & Co. LLC on the 2032 notes.

The proceeds of the offering are being used to repay at maturity all of Eversource’s series K notes due 2022 of which $750 million are maturing on March 15, 2022, and to repay a portion of its outstanding short-term debt, which totals about $1.5 billion as of Feb. 17.

Eversource Energy is a public utility holding company. The executive office is located in Springfield, Mass.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.