Nstar Electric offers $400 million fixed-rate debentures due 2052

By William Gullotti

Buffalo, N.Y., Sept. 12 – Nstar Electric Co., doing business as Eversource Energy, plans to price $400 million of debentures due Sept. 15, 2052, according to a 424B3 filing with the Securities and Exchange Commission.

The debentures will feature a make-whole call until March 15, 2052, followed by a par call until maturity.

BofA Securities, Inc., J.P. Morgan Securities LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC and U.S. Bancorp Investments, Inc. are the joint bookrunning managers for the offering. Samuel A. Ramirez & Co., Inc. is listed as co-manager.

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

Ropes & Gray LLP and general counsel of Eversource Energy Service Co. will be counsel to the company. Choate, Hall & Stewart LLP will be counsel to the underwriters.

Proceeds will be used to refinance eligible green expenditures previously financed between Oct. 1, 2020 through June 30.

Eversource Energy is a Boston-based public utility holding company.

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