secwatch.observer — SEC 8-K summary
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Issuer:     ITC Holdings Corp. (—)
CIK:        0001317630
Form:       8-K
Filed at:   2024-01-16T23:59:59+00:00
Accession:  0001104659-24-004110
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1317630/000110465924004110/0001104659-24-004110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1317630/000110465924004110/tm243273d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-004110

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