secwatch.observer — SEC 8-K summary
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Issuer:     ITC Holdings Corp. (—)
CIK:        0001317630
Form:       8-K
Filed at:   2023-06-01T23:59:59+00:00
Accession:  0001104659-23-067070
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1317630/000110465923067070/0001104659-23-067070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1317630/000110465923067070/tm2315538d6_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-067070

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