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 $90,000,000 aggregate principal amount with The Bank of New York Mellon Trust Company, N.A., as successor to JPMorgan Chase Bank, as trustee at 5.65% per annum maturing November 1, 2028.
- Instrument
- senior notes
- Principal
- $90,000,000 aggregate principal amount
- Counterparty
- The Bank of New York Mellon Trust Company, N.A., as successor to JPMorgan Chase Bank, as trustee
- Rate
- 5.65% per annum
- Maturity
- November 1, 2028
- Event
- incurrence
Exact text from the filing
On November 1, 2023, Michigan Electric Transmission Company, LLC (“METC”), an indirect wholly-owned subsidiary of ITC Holdings Corp. (the “Company”), issued $90,000,000 aggregate principal amount of its 5.65% Series A Senior Secured Notes due 2028 (the “METC Notes”) in a private placement
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ITC Holdings Corp. entered into Purchase Agreement with institutional accredited investors valued at $90,000,000 aggregate principal amount (effective 2023-11-01).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- institutional accredited investors
- Value
- $90,000,000 aggregate principal amount
- Effective
- 2023-11-01
Exact text from the filing
On November 1, 2023, Michigan Electric Transmission Company, LLC (“METC”), an indirect wholly-owned subsidiary of ITC Holdings Corp. (the “Company”), issued $90,000,000 aggregate principal amount of its 5.65% Series A Senior Secured Notes due 2028 (the “METC Notes”) in a private placement in reliance on an exemption from registration under the Securities Act of 1933, as amended (the “Securities Act”).
View on SEC.gov