secwatch.observer — SEC 8-K summary
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Issuer:     ITC Holdings Corp. (—)
CIK:        0001317630
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001104659-24-059328
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ITC Holdings issues $400M 5.650% senior notes due 2034 to refinance maturing debt
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- $400M aggregate principal of 5.650% senior notes due May 9, 2034; interest payable semi-annually.
- Proceeds used to partially redeem $400M of 3.65% notes due June 15, 2024, plus general corporate purposes.
- Notes are senior unsecured, rank equally with existing unsecured debt and structurally subordinated to subsidiary obligations.
- Make-whole redemption at Treasury rate +20 bps before Feb 9, 2034; after that at par.
- No S-3 registration; offered to QIBs under Rule 144A and to non-U.S. persons under Regulation S.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1317630/000110465924059328/0001104659-24-059328-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1317630/000110465924059328/tm2413034d4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-059328

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