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ITC Holdings to launch $1B exchange offers for senior notes

ITC Holdings Corp. on May 9 filed a registration statement on Form S-4 in connection with its offers to exchange $500 million of 2.7% senior notes due 2022 and $500 million of 3.35% senior notes due 2027 for a like amount of senior notes.

The company will not receive any proceeds from the exchange offers. Wells Fargo Bank NA is the exchange agent for the exchange offers.