secwatch / observer
8-K filed June 1, 2023, 7:59 PM ET CIK 0001317630
debt confidence high sentiment neutral materiality 0.50

ITC Holdings Corp.: debt financing — ITC Holdings issues $800M in senior notes; proceeds to redeem $250M 4.05% notes due July 2023

ITC Holdings Corp.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ITC Holdings Corp. incurred senior notes of $300.0 million at 4.950% per annum maturing September 22, 2027.

Instrument
senior notes
Principal
$300.0 million
Rate
4.950% per annum
Maturity
September 22, 2027
Event
incurrence
Exact text from the filing
the Company issued an additional $300.0 million aggregate principal amount of its existing 4.950% senior notes due 2027
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ITC Holdings Corp. incurred senior notes of $500.0 million at 5.400% per annum maturing June 1, 2033.

Instrument
senior notes
Principal
$500.0 million
Rate
5.400% per annum
Maturity
June 1, 2033
Event
incurrence
Exact text from the filing
under which the Company issued $500.0 million aggregate principal amount of its 5.400% senior notes due 2033
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ITC Holdings Corp. entered into Seventh Supplemental Indenture with Computershare Trust Company, National Association valued at $500.0 million aggregate principal amount of its 5.400% senior notes due 2033 ... and ... $300.0 mil (effective 2023-06-01).

Action
entry
Agreement
notes offering
Counterparty
Computershare Trust Company, National Association
Value
$500.0 million aggregate principal amount of its 5.400% senior notes due 2033 ... and ... $300.0 mil
Effective
2023-06-01
Exact text from the filing
On June 1, 2023, ITC Holdings Corp. (the “Company”) entered into a Seventh Supplemental Indenture (the “Seventh Supplemental Indenture”), between the Company and Computershare Trust Company, National Association, as successor to Wells Fargo Bank, National Association, as trustee (the “Trustee”), to the Indenture, dated as of April 18, 2013 (the “Base Indenture” and, as amended and supplemented by the Seventh Supplemental Indenture, the “Indenture”), between the Company and the Trustee, under which the Company issued $500.0 million aggregate principal amount of its 5.400% senior notes due 2033 (the “2033 notes”) and pursuant to an Officer's Certificate to the Sixth Supplemental Indenture, dated June 1, 2023 (the “Officer’s Certificate to the Sixth Supplemental Indenture”), the Company issued an additional $300.0 million aggregate principal amount of its existing 4.950% senior notes due 2027 (the “New 2027 notes” and together with the 2033 notes, the “notes”).
View on SEC.gov

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Source: SEC EDGAR
accession 0001104659-23-067070
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