---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-067070"
form_type: "8-K"
ticker: null
cik: "0001317630"
company_name: "ITC Holdings Corp."
filed_at: "2023-06-01T23:59:59+00:00"
generated_at: "2026-06-14T09:03:42.907430+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# ITC Holdings issues $800M in senior notes; proceeds to redeem $250M 4.05% notes due July 2023

## Summary
- Issued $500M of 5.400% senior notes due 2033 and $300M additional 4.950% senior notes due 2027.
- Net proceeds to redeem $250M of 4.05% Senior Notes due July 1, 2023, repay commercial paper, and for general corporate purposes.
- Notes are senior unsecured obligations ranking equally with existing senior unsecured debt.
- Redemption price for 2033 notes: treasury rate plus 30 bps before May 1, 2033; 2027 notes: treasury rate plus 25 bps before Aug 22, 2027.

## SEC filing metadata
- accession: 0001104659-23-067070
- form_type: 8-K
- cik: 0001317630
- company_name: ITC Holdings Corp.
- filed_at: 2023-06-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1317630/000110465923067070/0001104659-23-067070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1317630/000110465923067070/tm2315538d6_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-067070
- JSON: https://secwatch.observer/filing/0001104659-23-067070.json
- Plain text: https://secwatch.observer/filing/0001104659-23-067070.txt

## Key facts
- Debt Financings
  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
  source text: the Company issued an additional $300.0 million aggregate principal amount of its existing 4.950% senior notes due 2027
  evidence_url: https://www.sec.gov/Archives/edgar/data/1317630/000110465923067070/0001104659-23-067070-index.htm
- Debt Financings
  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
  source text: under which the Company issued $500.0 million aggregate principal amount of its 5.400% senior notes due 2033
  evidence_url: https://www.sec.gov/Archives/edgar/data/1317630/000110465923067070/0001104659-23-067070-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1317630/000110465923067070/0001104659-23-067070-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.