Summary
Eversource Energy (ES) announced the issuance of a significant amount of senior notes in December 2018, totaling $900 million. This offering comprised $400 million in Series N Senior Notes due in 2023, carrying a 3.80% interest rate, and $500 million in Series O Senior Notes due in 2029, with a 4.25% interest rate. These notes are unsecured obligations of the company and were issued under an indenture supplementing a prior agreement. The issuance details, including the underwriting agreement and supplemental indenture, were filed as exhibits to this report.
Key Highlights
- 1Eversource Energy issued $400 million of Series N Senior Notes due 2023.
- 2Eversource Energy issued $500 million of Series O Senior Notes due 2029.
- 3The 2023 Notes carry an annual interest rate of 3.80%.
- 4The 2029 Notes carry an annual interest rate of 4.25%.
- 5The Notes are unsecured obligations of Eversource Energy.
- 6The issuance was completed on December 13, 2018.
- 7Key legal documents, including the underwriting agreement and supplemental indenture, were filed as exhibits.
Frequently Asked Questions
This 8-K filing is to report a material event, specifically the creation of a direct financial obligation for Eversource Energy through the issuance of new senior notes.
Eversource Energy raised a total of $900 million through the issuance of two series of senior notes: $400 million in 2023 Notes and $500 million in 2029 Notes.
The 2023 Notes mature on December 1, 2023, with a 3.80% annual interest rate, payable semi-annually. The 2029 Notes mature on April 1, 2029, with a 4.25% annual interest rate, also payable semi-annually.
No, the Series N and Series O Senior Notes are unsecured obligations of Eversource Energy.