NSTAR ELECTRIC CO 8-K

What Happened

• NSTAR Electric Company (doing business as Eversource Energy) announced on May 13, 2026 that it issued $350,000,000 of 4.650% debentures due May 15, 2031 and $350,000,000 of 5.200% debentures due May 15, 2036 (total $700,000,000).
• The securities were issued under an underwriting agreement dated May 11, 2026 and pursuant to an existing indenture dated September 1, 1988; interest is payable semi‑annually on May 15 and November 15, beginning November 15, 2026. The offering was registered on Form S-3 (SEC File No. 333-286362-03).

Key Details

• Issue date: May 13, 2026 (underwriting agreement dated May 11, 2026).
• Amounts: $350M 4.650% debentures due 5/15/2031; $350M 5.200% debentures due 5/15/2036.
• Interest: Paid semi-annually on May 15 and November 15; first payment Nov 15, 2026.
• Registration/legal: Debentures registered with the SEC under a Form S-3 registration statement.

Why It Matters

• The company increased its long-term debt by $700M, which affects its capital structure and will add fixed interest obligations (4.65% and 5.20%) beginning November 2026.
• Investors should note the added interest expense and the maturity timeline (2031 and 2036) when assessing NSTAR’s leverage, cash flow needs, and interest-rate exposure going forward.