ITC HOLDINGS CORP. (NYSE:ITC) Files An 8-K Other Events

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ITC HOLDINGS CORP. (NYSE:ITC) Files An 8-K Other Events
Item 8.01 Other Events.

On November9, 2017,ITC Holdings Corp. (the “Company”) issued (1)a news release announcing that it commenced a private offering of senior unsecured notes due 2022 (the “2022Notes”) and senior unsecured notes due 2027 (the “2027Notes” and, together with the 2022 Notes, the “Notes”) and (2)a news release announcing that the Company has priced the offering of the Notes.

The Company intends to use the net proceeds from this offering to redeem in full $385.0million aggregate principal amount of the Company’s 6.050% Senior Notes due January31, 2018, and to pay the associated call premiums, to repay indebtedness outstanding under the Company’s term loan credit agreement, revolving credit agreement and commercial paper program, and for general corporate purposes.

Copies of the press releases, each dated November9, 2017, announcing the commencement of a private offering of the Notes and the pricing of the Notes, respectively, are filed as Exhibit99.1 and Exhibit99.2 hereto and are incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d)Exhibits.

Exhibit No.

Description

99.1

Press release, dated November9, 2017, by the Company, announcing the commencement of a private offering of the Notes.

99.2

Press release, dated November9, 2017, by the Company, announcing the pricing of the Notes.


ITC Holdings Corp. Exhibit
EX-99.1 2 a17-26122_2ex99d1.htm EX-99.1 Exhibit 99.1     ITC Holdings Corp. Announces Offering of Senior Notes Due 2022 and Senior Notes Due 2027   NOVI,…
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About ITC HOLDINGS CORP. (NYSE:ITC)

ITC Holdings Corp. (ITC Holdings) is a holding company. The Company is engaged in owning, operating, maintaining and investing in transmission infrastructure. The Company’s business consists primarily of the electric transmission operations of its Regulated Operating Subsidiaries. Its Regulated Operating Subsidiaries include International Transmission Company (ITCTransmission), Michigan Electric Transmission Company, LLC (METC), ITC Midwest LLC (ITC Midwest). The operations performed by its Regulated Operating Subsidiaries fall into the various categories, such as asset planning; engineering, design and construction; maintenance, and real time operations. Its customers include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. It owns and operates high-voltage systems in Michigan’s Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma.

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