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sold $200 million of senior secured notes due April 26, 2046,in a private placement to accredited investors.
The notesbear a 3.90% coupon payable every April 26 and Oct. 26 beginning Oct. 26 thisyear, according to a Form 8-K filed April 26.
TheITC Holdings Corp.subsidiary will use the proceeds for general corporate purposes and torefinance debt.