secwatch.observer — SEC 8-K summary
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Issuer:     ITC Holdings Corp. (—)
CIK:        0001317630
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001104659-23-113385
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ITC subsidiary METC issues $90M of 5.65% senior secured notes due 2028
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1317630/000110465923113385/0001104659-23-113385-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1317630/000110465923113385/tm2329541d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-113385

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer