---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-003728"
form_type: "8-K"
ticker: null
cik: "0001317630"
company_name: "ITC Holdings Corp."
filed_at: "2026-01-14T23:59:59+00:00"
generated_at: "2026-05-16T10:19:34.289617+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# METC issues $250M senior secured notes (5.08%/5.71%) to refinance debt

## Summary
- $125M of 5.08% Series A Notes due 2036 and $125M of 5.71% Series B Notes due 2046 issued.
- Proceeds to repay revolving credit, intercompany debt, fund capex, 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; optional redemption with make-whole at Treasuries plus 90 bps.
- Issued in private placement to institutional accredited investors under exemption from registration.

## SEC filing metadata
- accession: 0001104659-26-003728
- form_type: 8-K
- cik: 0001317630
- company_name: ITC Holdings Corp.
- filed_at: 2026-01-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1317630/000110465926003728/0001104659-26-003728-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1317630/000110465926003728/tm263025d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-003728
- JSON: https://secwatch.observer/filing/0001104659-26-003728.json
- Plain text: https://secwatch.observer/filing/0001104659-26-003728.txt

## Key facts
- Debt Financings
  ITC Holdings Corp. incurred senior notes of $125,000,000 with institutional accredited investors at 5.71% per annum maturing January 14, 2046.
  - Instrument: senior notes
  - Principal: $125,000,000
  - Counterparty: institutional accredited investors
  - Rate: 5.71% per annum
  - Maturity: January 14, 2046
  - Event: incurrence
  source text: $125,000,000 aggregate principal amount of its 5.71% Series B Senior Secured Notes due 2046
  evidence_url: https://www.sec.gov/Archives/edgar/data/1317630/000110465926003728/0001104659-26-003728-index.htm
- Debt Financings
  ITC Holdings Corp. incurred senior notes of $125,000,000 with institutional accredited investors at 5.08% per annum maturing January 14, 2036.
  - Instrument: senior notes
  - Principal: $125,000,000
  - Counterparty: institutional accredited investors
  - Rate: 5.08% per annum
  - Maturity: January 14, 2036
  - Event: incurrence
  source text: Michigan Electric Transmission Company, LLC (“METC”), an indirect wholly-owned subsidiary of ITC Holdings Corp. (the “Company”), issued $125,000,000 aggregate principal amount of its 5.08% Series A Senior Secured Notes due 2036
  evidence_url: https://www.sec.gov/Archives/edgar/data/1317630/000110465926003728/0001104659-26-003728-index.htm
- Material Agreements
  ITC Holdings Corp. entered into Purchase Agreement dated January 14, 2026 with institutional accredited investors valued at $250,000,000 aggregate principal amount of Senior Secured Notes (effective 2026-01-14).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: institutional accredited investors
  - Value: $250,000,000 aggregate principal amount of Senior Secured Notes
  - Effective: 2026-01-14
  source text: On January 14, 2026, Michigan Electric Transmission Company, LLC (“METC”), an indirect wholly-owned subsidiary of ITC Holdings Corp. (the “Company”), issued $125,000,000 aggregate principal amount of its 5.08% Series A Senior Secured Notes due 2036 (the “Series A METC Notes”) and $125,000,000 aggregate principal amount of its 5.71% Series B Senior Secured Notes due 2046 (the “Series B METC Notes” and together with the Series A METC Notes, 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_url: https://www.sec.gov/Archives/edgar/data/1317630/000110465926003728/0001104659-26-003728-index.htm

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