EVERSOURCE ENERGY (NYSE:ES) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

EVERSOURCE ENERGY (NYSE:ES) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
Item 2.03.

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Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

On December 13, 2018, Eversource Energy issued $400,000,000 aggregate principal amount of its Senior Notes, Series N, Due 2023 (the “2023 Notes”) and $500,000,000 aggregate principal amount of its Senior Notes, Series O, Due 2029 (the “2029 Notes” and together with the 2023 Notes, the “Notes”), to an Underwriting Agreement, dated December 10, 2018, among Eversource Energy, and Barclays Capital Inc., Goldman Sachs & Co. LLC, PNC Capital Markets LLC, RBC Capital Markets, LLC and TD Securities (USA) LLC, as representatives of the several underwriters named therein.

The Notes are Eversource Energy’s unsecured obligations and were issued under the Eleventh Supplemental Indenture, dated as of December 1, 2018, between Eversource Energy and The Bank of New York Mellon Trust Company, N.A. (the “Eleventh 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. Interest on the 2023 Notes is payable semi-annually on June 1 and December 1 of each year, beginning on June 1, 2019, at the rate of 3.80% per year, and interest on the 2029 Notes is payable semi-annually on April 1 and October 1 of each year, beginning on April 1, 2019, at the rate of 4.25% per year. The 2023 Notes will mature on December 1, 2023 and the 2029 Notes will mature on April 1, 2029.

Section 9

Financial Statements and Exhibits

Item 9.01.

Financial Statements and Exhibits

(d)

Exhibits

Exhibit No.

Description

Underwriting Agreement, dated December 10, 2018, among Eversource Energy and the Underwriters named therein Underwriting Agreement, dated December 10, 2018, among Eversource Energy and the Underwriters named therein

4.1

Eleventh Supplemental Indenture establishing the terms of the Notes, dated December 1, 2018, between Eversource Energy and The Bank of New York Mellon Trust Company, N.A., as Trustee

4.2

Form of 2023 Notes (included as Exhibit A to the Eleventh Supplemental Indenture filed herewith as Exhibit 4.1)

4.3

Form of 2029 Notes (included as Exhibit B to the Eleventh Supplemental Indenture filed herewith as Exhibit 4.1)

Legal opinion of Richard J. Morrison, Esq. relating to the validity of the Notes (includes consent)

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EVERSOURCE ENERGY Exhibit
EX-1 2 eversourceenergyunderwriting.htm UNDERWRITING AGREEMENT Converted by EDGARwiz Exhibit 1 SENIOR NOTES UNDERWRITING AGREEMENT December 10,…
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About EVERSOURCE ENERGY (NYSE:ES)

Eversource Energy, formerly Northeast Utilities, is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses. Its electric transmission segment owns and maintains transmission facilities that are part of an interstate power transmission grid over which electricity is transmitted throughout New England. Its natural gas distribution segment distributes natural gas to approximately 286,000 customers in over 50 communities in central and eastern Massachusetts covering approximately 1,070 square miles.

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