secwatch.observer — SEC 8-K summary
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Issuer:     ITC Holdings Corp. (—)
CIK:        0001317630
Form:       8-K
Filed at:   2026-01-14T23:59:59+00:00
Accession:  0001104659-26-003728
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1317630/000110465926003728/0001104659-26-003728-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1317630/000110465926003728/tm263025d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-003728

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