8-KOther EventsExhibits & Filings

EVERSOURCE ENERGY 8-K Report, Corporate Update (May 11, 2022)

Filed May 11, 2022For Securities:ES

Summary

Eversource Energy (ES) announced on May 11, 2022, that it has entered into an Equity Distribution Agreement with several investment banks, including Goldman Sachs, Barclays, Citigroup, Wells Fargo, Morgan Stanley, and J.P. Morgan. This agreement allows Eversource Energy to issue and sell up to $1.2 billion worth of its common shares from time to time through these managers, acting as sales agents or principals. This offering is being conducted under an effective registration statement on Form S-3ASR and a prospectus supplement filed on the same date. The company has also issued a press release to announce the commencement of this offering. Investors should note that this filing is an announcement of the offering, and the actual sale of securities will be made through a prospectus and related supplement, not this current report.

Key Highlights

  • 1Eversource Energy entered into an Equity Distribution Agreement on May 11, 2022.
  • 2The company can issue and sell up to $1.2 billion of its common shares.
  • 3Sales will be conducted through a syndicate of investment banks acting as agents or principals.
  • 4The offering is made under an effective registration statement on Form S-3ASR.
  • 5A prospectus supplement has been filed in conjunction with this offering.
  • 6A press release was issued to announce the commencement of the share offering.

Frequently Asked Questions

The Equity Distribution Agreement allows Eversource Energy to raise capital by selling shares of its common stock in the open market over time, up to a maximum aggregate offering price of $1.2 billion. This provides the company with financial flexibility.

The sale of shares will be managed by a group of investment banks, including Goldman Sachs & Co. LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, and J.P. Morgan Securities LLC, acting as sales agents and/or principals.

No, this 8-K filing announces the intention to sell shares and the agreement to do so. The actual offering and sale of securities will be conducted through a prospectus and related prospectus supplement, as filed with the SEC, and not directly through this current report.

Eversource Energy can raise up to a maximum of $1,200,000,000 (or $1.2 billion) through the sale of its common shares under this agreement.