Eversource Energy issued $400 million of 3.80% series N senior notes due Dec. 1, 2023, and $500 million of 4.25% series O senior notes due April 1, 2029.
The company plans to use net proceeds of the offering to repay a portion of its outstanding short-term debt, which stood at approximately $1.24 billion as of Dec. 6, according to company filings.
Interest on the 2023 notes is payable June 1 and Dec. 1 of each year, starting June 1, 2019, while interest on the 2029 notes is payable April 1 and Oct. 1 of each year, starting April 1, 2019.
Barclays Capital Inc., Goldman Sachs & Co. LLC, PNC Capital Markets LLC, RBC Capital Markets LLC, TD Securities (USA) LLC, BNY Mellon Capital Markets LLC and U.S. Bancorp Investments Inc. acted as joint book-running managers. The Williams Capital Group LP was the sole co-manager.