Eversource Energy offers $300 million first mortgage bonds due 2053

Chicago, Jan. 4 – Public Service Co. of New Hampshire, doing business as Eversource Energy, is offering $300 million of fixed-rate first mortgage bonds due Jan. 15, 2053, according to a 424B3 filing with the Securities and Exchange Commission.

The series W bonds will feature a make-whole call option and then a par call option.

Barclays, Goldman Sachs & Co. LLC, PNC Capital Markets LLC and RBC Capital Markets, LLC are the joint bookrunners.

Siebert Williams Shank & Co., LLC is the co-manager.

U.S. Bank Trust Co., NA will be the trustee.

Ropes & Gray LLP and in-house counsel will advise the issuer. Choate, Hall & Stewart LLP is working as counsel to the underwriters.

Proceeds will be used to refinance short-term debt, to fund capital expenditures and for working capital. The company had $142.7 million of short-term debt outstanding on Dec. 29 with a weighted average annual interest rate of 4.63%.

Based in Manchester, N.H., the issuer is an electricity distributor and a wholly owned subsidiary of Eversource.

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