PUBLIC SERVICE CO OF NEW HAMPSHIRE 8-K
Research Summary
AI-generated summary
Public Service Co. of New Hampshire Issues $200M Series X Bonds
What Happened
- On June 30, 2026, Public Service Company of New Hampshire (d/b/a Eversource Energy) issued an additional $200,000,000 aggregate principal amount of its 5.35% First Mortgage Bonds, Series X, due 2033, pursuant to an Underwriting Agreement dated June 22, 2026.
- These bonds are part of the same Series X issuance that previously totaled $300,000,000 on September 25, 2023 and $300,000,000 on April 1, 2024; after this offering the total Series X outstanding is $800,000,000. The bonds were issued under a Twenty-Ninth Supplemental Indenture dated June 1, 2026, with U.S. Bank Trust Company, N.A., as Trustee.
Key Details
- Amount issued: $200,000,000 (additional issuance)
- Coupon: 5.35% fixed interest, maturity in 2033
- Total Series X outstanding after offering: $800,000,000
- Underwriting representatives: KeyBanc Capital Markets Inc., PNC Capital Markets LLC, and U.S. Bancorp Investments, Inc.; supplemental indenture dated June 1, 2026; trustee U.S. Bank Trust Company, N.A.
- The filing includes the Underwriting Agreement and a legal opinion regarding the validity of the bonds.
Why It Matters
- This transaction increases the company’s long-term debt for the Series X bonds by $200 million and establishes an additional fixed-rate interest obligation. The new bonds will add approximately $10.7 million of annual interest expense (5.35% of $200 million) before taxes and any amortization considerations.
- For investors, the issuance affects Eversource’s capital structure and interest-cost profile and adds to its long-term maturity schedule (maturing in 2033). The filing does not state the specific use of proceeds.
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