Eversource will conduct two-tranche notes sale via seven bookrunners

By Devika Patel

Knoxville, Tenn., Dec. 10 – Eversource Energy will price a two-part offering of fixed-rate senior notes, according to a 424B3 filing with the Securities and Exchange Commission.

The notes will be sold in two tranches of series N notes due Dec. 1, 2023 and series O notes due April 1, 2029.

The series N notes have a make-whole call until Nov. 1, 2023 and then a par call; the series O notes have a make-whole call until Jan. 1, 2029 and then a par call.

Barclays, Goldman Sachs & Co. LLC, PNC Capital Markets LLC, RBC Capital Markets LLC, TD Securities (USA) LLC, BNY Mellon Capital Markets LLC and U.S. Bancorp Investments Inc. are the bookrunners.

Williams Capital Group LP is the co-manager.

Proceeds will be used to repay some of the company’s $1.24 billion of short-term debt.

The Boston-based company is engaged in the energy delivery business through utility subsidiaries.

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