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NSTAR Electric Company, doing business as Eversource Energy, issued an additional $300 million in aggregate principal amount of its 5.20% debentures due 2035 on Friday. This new issuance was completed under an underwriting agreement dated Wednesday with BofA Securities, J.P. Morgan Securities, Morgan Stanley & Co., PNC Capital Markets, RBC Capital Markets, and U.S. Bancorp Investments acting as representatives of the underwriters.
The new debentures are part of the same series originally issued on February 26, 2025. Following the closing of this offering, the total outstanding principal amount for this series of 5.20% debentures due 2035 is $700 million.
The debentures were issued under an indenture dated September 1, 1988, with The Bank of New York Mellon Trust Company serving as trustee. The securities are registered with the U.S. Securities and Exchange Commission under the Securities Act of 1933 through a registration statement on Form S-3.
The 2035 debentures mature on March 1, 2035, and carry an interest rate of 5.20%, payable semi-annually on March 1 and September 1. Interest payments for the newly issued debentures will begin on March 1, 2026.
This information is based on a statement included in a recent SEC filing. NSTAR Electric does not have any securities registered under Section 12(b) of the Securities Exchange Act of 1934 and is incorporated in Massachusetts. The filing was signed by Matthew P. Fallon, Assistant Treasurer-Corporate Finance and Cash Management. NSTAR Electric is not listed on a major exchange and does not have a stock ticker.
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