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Eversource Energy 8-K Report, Financial Obligation (Jan 19, 2024)

Reports
Financial Events·Exhibits & Filings
Filing Date
Filed January 19, 2024
Period End
January 19, 2024
Security
ES
In the record · 2016–202610-K1110-Q328-K126

ES filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 126 current reports (8-K) between 2016 and 2026.

  1. Impairment8-K · Jul ’19Jul ’19
  2. Leadership change8-K · May ’21May ’21
  3. Leadership change8-K · Dec ’25Dec ’25

01—Abstract

Summary

Summary of the 8-K filed January 19, 2024. Cited figures are marked; the original filing is the authoritative source.

Eversource Energy (ES) announced on January 19, 2024, through an 8-K filing, the issuance of new senior notes totaling $1 billiona.

This issuance includes $350 millionb of 5.00% Senior Notes due in 2027 and $650 million of 5.50% Senior Notes due in 2034. These notes are unsecured obligations of the company, issued under an indenture supplemented by a new twenty-first supplemental indenture. The primary purpose of this filing is to inform investors about the company's financing activities and its impact on the capital structure.

The issuance of new debt will affect the company's leverage and interest expense. Investors should consider the terms of these notes, including their interest rates and maturity dates, when assessing the company's financial health and future profitability. The filing also includes standard legal opinions and exhibits related to the note issuance.

02—Key points

Key Highlights

  1. Eversource Energy issued $1 billion in aggregate principal amount of senior notes on January 19, 2024.
  2. The issuance comprises $350 million of 5.00% Senior Notes, Series DD, due 2027.
  3. The issuance also includes $650 million of 5.50% Senior Notes, Series EE, due 2034.
  4. These notes are unsecured obligations of Eversource Energy.
  5. Interest on the notes is payable semi-annually, starting July 1, 2024.
  6. The transaction was executed under an Underwriting Agreement dated January 16, 2024.
  7. The company has filed necessary legal opinions and exhibits related to the note issuance.

03—Questions

Frequently Asked Questions

  1. What is the total amount of debt Eversource Energy issued?

    Eversource Energy issued a total of $1 billion in aggregate principal amount of senior notes.

  2. What are the interest rates and maturity dates of the new notes?

    The company issued $350 million of 5.00% Senior Notes due in 2027 and $650 million of 5.50% Senior Notes due in 2034.

  3. Are these new notes secured or unsecured?

    The new notes are unsecured obligations of Eversource Energy.

  4. When will Eversource Energy start paying interest on these notes?

    Interest payments are scheduled to begin semi-annually on July 1, 2024.

04—Continue

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