---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-004110"
form_type: "8-K"
ticker: null
cik: "0001317630"
company_name: "ITC Holdings Corp."
filed_at: "2024-01-16T23:59:59+00:00"
generated_at: "2026-06-06T23:00:25.270312+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# METC issues $85M 5.98% senior secured notes due 2034

## Summary
- $85M aggregate principal, 5.98% fixed rate, maturing Jan 16, 2034.
- Interest payable semi-annually on Jan 16 and Jul 16; first payment Jul 16, 2024.
- 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.
- Redemption at make-whole at Treasuries plus 125 bps before Oct 16, 2033, then at par.

## SEC filing metadata
- accession: 0001104659-24-004110
- form_type: 8-K
- cik: 0001317630
- company_name: ITC Holdings Corp.
- filed_at: 2024-01-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1317630/000110465924004110/0001104659-24-004110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1317630/000110465924004110/tm243273d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-004110
- JSON: https://secwatch.observer/filing/0001104659-24-004110.json
- Plain text: https://secwatch.observer/filing/0001104659-24-004110.txt

## Key facts
- Debt Financings
  ITC Holdings Corp. incurred senior notes of $85,000,000 aggregate principal amount with institutional accredited investors at 5.98% per annum maturing January 16, 2034.
  - Instrument: senior notes
  - Principal: $85,000,000 aggregate principal amount
  - Counterparty: institutional accredited investors
  - Rate: 5.98% per annum
  - Maturity: January 16, 2034
  - Event: incurrence
  source text: issued $85,000,000 aggregate principal amount of its 5.98% Series B Senior Secured Notes due 2034
  evidence_url: https://www.sec.gov/Archives/edgar/data/1317630/000110465924004110/0001104659-24-004110-index.htm

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