ITC Holdings explores senior notes offering

By Wendy Van Sickle

Columbus, Ohio, Sept. 6 – ITC Holdings Corp. is exploring an offering of senior notes, subject to market conditions, according to a company news release on Tuesday.

Proceeds from the Rule 144A and Regulation S offering would be used to fully redeem ITC's $500 million 2.7% senior notes due Nov. 15, 2022, including the call premium, to repay outstanding debt under ITC's revolving credit agreement and commercial paper program and for general corporate purposes.

ITC is an electricity transmission company based in Novi, Mich.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.