Eversource Energy offers $300 million first mortgage bonds due 2049

By Cristal Cody

Tupelo, Miss., June 24 – Public Service Co. of New Hampshire, doing business as Eversource Energy, plans to price $300 million of series T first mortgage bonds due July 1, 2049, according to a 424B3 filing with the Securities and Exchange Commission on Monday.

The notes will have make-whole and par calls.

BNY Mellon Capital Markets, LLC, J.P. Morgan Securities LLC, PNC Capital Markets LLC, RBC Capital Markets LLC and U.S. Bancorp Investments, Inc. are the bookrunners. Williams Capital Group, LP is the co-manager.

Proceeds will be used to repay at maturity the company’s outstanding 4.45% series P first mortgage bonds due in 2019, to repay a portion of short-term debt and to fund capital expenditures and 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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