{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-113385","form_type":"8-K","ticker":null,"cik":"0001317630","company_name":"ITC Holdings Corp.","filed_at":"2023-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.589147+00:00","generated_at":"2026-06-09T02:06:36.429160+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"ITC subsidiary METC issues $90M of 5.65% senior secured notes due 2028","bullets":["METC issued $90M aggregate principal of 5.65% Series A Senior Secured Notes due Nov 1, 2028.","Net proceeds to repay revolving credit, fund capital expenditures, and for general corporate purposes.","Notes secured by first mortgage lien on substantially all of METC's real and tangible personal property.","Interest payable semi-annually at 5.65%; notes redeemable at make-whole premium (T+95 bps) or par after Oct 1, 2028."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-113385","json":"https://secwatch.observer/filing/0001104659-23-113385.json","markdown":"https://secwatch.observer/filing/0001104659-23-113385.md","text":"https://secwatch.observer/filing/0001104659-23-113385.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1317630/000110465923113385/0001104659-23-113385-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1317630/000110465923113385/tm2329541d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T02:06:36.429160+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ef3633e60bb2e1533ea00de1dd6bc8f591e06130","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1317630/000110465923113385/0001104659-23-113385-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$90,000,000 aggregate principal amount"},{"label":"Counterparty","value":"The Bank of New York Mellon Trust Company, N.A., as successor to JPMorgan Chase Bank, as trustee"},{"label":"Rate","value":"5.65% per annum"},{"label":"Maturity","value":"November 1, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"d4e3629cf47ebd177b71de89ba79b2c589aeadf3","claim":"ITC Holdings Corp. entered into Purchase Agreement with institutional accredited investors valued at $90,000,000 aggregate principal amount (effective 2023-11-01).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1317630/000110465923113385/0001104659-23-113385-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"institutional accredited investors"},{"label":"Value","value":"$90,000,000 aggregate principal amount"},{"label":"Effective","value":"2023-11-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}