Eversource Energy offers $300 million first mortgage bonds due 2033

By Mary-Katherine Stinson

Lexington, Ky., Sept. 18 – Public Service Co. of New Hampshire, doing business as Eversource Energy, is offering $300 million of first mortgage bonds, series X, due Oct. 1, 2033, according to a 424B5 filing with the Securities and Exchange Commission.

The company may call the notes early with a make-whole premium until July 1, 2033, three months prior to maturity, and after at par.

BofA Securities, Inc., Goldman Sachs & Co. LLC, PNC Capital Markets LLC, RBC Capital Markets, LLC and TD Securities (USA) LLC will be the bookrunners.

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

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

Eversource will use in-house counsel and Ropes & Gray LLP. The underwriters are relying on Choate, Hall & Stewart LLP for legal matters on the issue.

Proceeds will be used to repay at maturity the $325 million of the company’s 3.5% first mortgage bonds, series S, maturing on Nov. 1, 2023 and for general corporate purposes.

Public Service Co. of New Hampshire is a Manchester, N.H.-based wholly owned subsidiary of Eversource Energy. Eversource is based in Boston and Hartford, Conn. The company is an energy delivery business that operates through utility subsidiaries throughout New England.

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