trending Market Intelligence /marketintelligence/en/news-insights/trending/RoCXeyN1Fl4QgsS6bYUBAg2 content esgSubNav
In This List

Michigan Electric Transmission sells $100M of senior notes

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch

Blog

Perspectives from China: Chinese M&A in 2022

Blog

Insight Weekly: CEO pay jumps; yield curve inversion deepens; wind giants lift turbine prices


Michigan Electric Transmission sells $100M of senior notes

Michigan Electric Transmission Co. LLC on Jan. 15 completed the sale of $100 million of senior secured notes in a private placement.

The securities consist of $50 million of 4.55% series A notes due Jan. 15, 2049, and $50 million 4.65% series B notes, due July 10, 2049, according to S&P Global Market Intelligence data.

The ITC Holdings Corp. subsidiary plans to use proceeds to refinance existing debt, partially fund capital expenditures or for general corporate purposes.

ITC Holdings is owned by Fortis Inc.