Public Service Co. of New Hampshire plans $250 million bonds due 2023

By Aleesia Forni

Virginia Beach, Nov. 6 - Public Service Co. of New Hampshire is planning to price $250 million of first mortgage bonds, series S, due 2023, according to a 424B3 filed with the Securities and Exchange Commission on Wednesday.

Barclays, Mizuho Securities USA Inc., BNY Mellon Capital Markets LLC, RBS Securities Inc. and U.S. Bancorp are the joint bookrunners.

Ramirez & Co. Inc. is the co-manager.

Proceeds will be used to redeem the company's $89.25 million Business Finance Authority of the State of New Hampshire 4.75% pollution control revenue bonds, to refinance short-term debt and for general working capital purposes.

The subsidiary of Northeast Utilities is based in Manchester, N.H.

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