Eversource intends to offer $350 million of notes due 2031

By Devika Patel

Knoxville, Tenn., June 1 – Public Service Co. of New Hampshire, doing business as Eversource Energy, will offer $350 million of first mortgage bonds, series V, due June 15, 2031, according to a 424B3 filed with the Securities and Exchange Commission.

The notes will feature a make-whole call until three months prior to maturity and then a par call.

J.P. Morgan Securities LLC, Mizuho Securities USA Inc., Morgan Stanley & Co. LLC and U.S. Bancorp Investments Inc. are the bookrunners.

Roberts & Ryan is the co-manager.

Proceeds will be used to repay some short-term debt, for capital expenditures and for working capital.

Public Service Co. of New Hampshire is a Manchester, N.H.-based electric utility and subsidiary of Eversource Energy.

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