UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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| Section 2 | Financial Information |
| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
On August 14, 2020, Eversource Energy issued an additional $300 million aggregate principal amount of its 3.45% Senior Notes, Series P, Due 2050 (the “2050 Notes”), $300 million aggregate principal amount of its 0.80% Senior Notes, Series Q, Due 2025 (the “2025 Notes”), and $600 million aggregate principal amount of its 1.65% Senior Notes, Series R, Due 2030, (the “2030 Notes” and, together with the 2050 Notes and the 2025 Notes, the “Notes”), pursuant to an Underwriting Agreement, dated August 11, 2020, among Eversource Energy and BNY Mellon Capital Markets, LLC, BofA Securities, Inc., Goldman Sachs & Co. LLC, MUFG Securities Americas Inc., TD Securities (USA) LLC and Wells Fargo Securities, LLC, as Representatives of the Underwriters identified therein (the “Underwriting Agreement”).
The additional 2050 Notes are part of the same series of debt securities issued by Eversource Energy on January 10, 2020. Following the closing of this offering, the aggregate principal amount of 2050 Notes outstanding totaled $650 million. Interest on the 2050 Notes is payable semi-annually on January 15 and July 15 of each year, beginning for the 2050 Notes issued in this offering on January 15, 2021, at the rate of 3.45% per year. The 2050 Notes will mature on January 15, 2050. Interest on the 2025 Notes and 2030 Notes is payable semi-annually on February 15 and August 15 of each year, beginning on February 15, 2021, at the rate of 0.80% per year for the 2025 Notes and at the rate of 1.65% per year for the 2030 Notes, and ending on the maturity dates of the 2025 Notes and the 2030 Notes. The 2025 Notes will mature on August 15, 2025, and the 2030 Notes will mature on August 15, 2030.
The Notes are Eversource Energy’s unsecured obligations and were issued under the Thirteenth Supplemental Indenture, dated August 1, 2020, between Eversource Energy and The Bank of New York Mellon Trust Company, N.A. (the “Thirteenth Supplemental Indenture”), supplementing the Indenture between Eversource Energy and The Bank of New York Mellon Trust Company, N.A. (as successor trustee), dated as of April 1, 2002.
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| Section 9 | Financial Statements and Exhibits |
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EVERSOURCE ENERGY | ||
| (Registrant) | ||
| August 20, 2020 | By: | /s/ Jay S. Buth |
| Jay S. Buth | ||
| Vice President, Controller and | ||
| Chief Accounting Officer | ||
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