Eversource will conduct two-part sale of notes via nine bookrunners

By Devika Patel

Knoxville, Tenn., June 22 – Eversource Energy will price fixed-rate senior notes in two tranches, according to a 424B3 filing with the Securities and Exchange Commission.

The notes will be sold in two tranches of series X notes due July 1, 2024 and series Y notes due July 1, 2027.

The series X notes have a make-whole call; the series Y notes have a make-whole call until June 1, 2027 and then a par call.

Barclays, Citigroup Global Markets Inc., Mizuho Securities USA Inc., MUFG, TD Securities (USA) LLC, Wells Fargo Securities LLC, KeyBanc Capital Markets Inc., PNC Capital Markets LLC and RBC Capital Markets LLC are the bookrunners.

Samuel A. Ramirez & Co. Inc. and Siebert Williams Shank & Co. LLC are the co-managers.

Bank of New York Mellon Trust Co. NA is the trustee.

Ropes & Gray LLP is counsel to the issuer.

Choate, Hall & Stewart LLP is counsel to the underwriters.

Proceeds will be used to repay some of the company’s $1.41 billion of short-term debt.

The Boston-based company delivers energy through utility subsidiaries.

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