Summary
Eversource Energy (ES) filed this 8-K on January 12, 2018, primarily to report the creation of new direct financial obligations through the issuance of additional senior notes. Specifically, the company issued $200 million in Senior Notes, Series I, Due 2021, and $450 million in Senior Notes, Series M, Due 2028. These issuances are part of the company's ongoing debt financing activities and were conducted under standard underwriting agreements with major financial institutions.
Key Highlights
- 1Eversource Energy issued $200 million of additional 2.50% Senior Notes due 2021.
- 2Eversource Energy issued $450 million of 3.30% Senior Notes due 2028.
- 3The new notes are unsecured obligations of the company.
- 4The 2021 Notes mature on March 15, 2021, and the 2028 Notes mature on January 15, 2028.
- 5The issuances were made pursuant to underwriting agreements with several prominent financial institutions.
- 6The terms of the notes are governed by supplemental indentures filed as exhibits to this report.
- 7This filing updates the company's outstanding debt obligations.
Frequently Asked Questions
The primary purpose of this 8-K filing is to report the creation of new direct financial obligations by Eversource Energy through the issuance of additional senior notes. It details the aggregate principal amounts, interest rates, maturity dates, and the legal framework under which these notes were issued.
Eversource Energy issued a total of $650 million in new debt: $200 million in additional Senior Notes, Series I, Due 2021, and $450 million in Senior Notes, Series M, Due 2028.
The Senior Notes, Series I, Due 2021, carry an annual interest rate of 2.50% and mature on March 15, 2021. The Senior Notes, Series M, Due 2028, carry an annual interest rate of 3.30% and mature on January 15, 2028.
The additional 2021 Notes and the 2028 Notes are unsecured obligations of Eversource Energy.