Eversource to price $150 million first mortgage bonds due 2050

By Marisa Wong

Los Angeles, Aug. 12 – Public Service Co. of New Hampshire, doing business as Eversource Energy, plans to price $150 million of series U first mortgage bonds due Sept. 1, 2050, according to a 424B3 filing with the Securities and Exchange Commission.

Wells Fargo Securities, LLC and KeyBanc Capital Markets Inc. are the joint bookrunners with Roberts & Ryan Investments Inc. and Siebert Williams Shank & Co., LLC as co-managers

Proceeds will be used to refinance short-term debt, to fund capital expenditures and for working capital. As of Aug. 10, Eversource had about $156.3 million of short-term debt outstanding.

The issuer is an electric utility based in Manchester, N.H. Parent Eversource is based in Boston.

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