Eversource Energy offers $750 million senior notes due 2028

Chicago, March 1 – Eversource Energy is offering $750 million of senior notes (series Z) due March 1, 2028, according to a 424B3 filing with the Securities and Exchange Commission on Wednesday morning.

The company may call the notes early with a make-whole premium until Feb. 1, 2028 when the notes will become callable at par until the maturity date.

BofA Securities, Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC are the joint bookrunners.

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

Eversource will use in-house counsel and Ropes & Gray LLP. The bookrunners are relying on Choate, Hall & Stewart LLP for legal matters on the issue.

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

Proceeds will be used to repay all $450 million of the company’s series F notes at maturity and repay a portion of outstanding short-term debt. The company had $1.38 billion of short-term debt with an average interest rate of 4.83% on Feb. 27.

Eversource is based in Boston and Hartford, Conn. The company is an energy delivery business that operates through utility subsidiaries throughout New England.

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