Eversource Energy intends to price senior notes due January 2027, 2034

By Mary Katherine Stinson

Lexington, Ky., Jan. 16 –Eversource Energy intends to price series DD senior notes due Jan. 1, 2027 and series EE senior notes due Jan. 1, 2034, according to a 424B3 filing with the Securities and Exchange Commission.

The company may call the 2027 notes early with a make-whole premium. The company may call the 2034 notes early with a make-whole premium until Oct. 1, 2033, followed by a par call for the last three months.

BofA Securities, Inc., BNY Mellon Capital Markets, LLC, Goldman Sachs & Co. LLC, Mizuho Securities USA LLC, TD Securities (USA) LLC and Wells Fargo Securities, LLC are the joint bookrunners.

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

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

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

Proceeds will be used to repay a portion of the company’s outstanding short-term debt which, as of Jan. 11, totaled approximately $1.79 billion with a weighted average interest rate of 5.54%.

Eversource Energy, based in Boston, Mass. and Hartford, Conn., is a public utility holding company.

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