NSTAR ELECTRIC COMPANY (OTCMKTS:NSARP) 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
NSTAR ELECTRIC COMPANY (OTCMKTS:NSARP) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
On May 17, 2019, NSTAR Electric Company, doing business as Eversource Energy (“NSTAR Electric”), issued $400,000,000 aggregate principal amount of its 3.25% Debentures due May 15, 2029 (“Debentures”) to an Underwriting Agreement, dated May 14, 2019, between NSTAR Electric and Barclays Capital Inc., BofA Securities, Inc., Citigroup Global Markets Inc. and TD Securities (USA) LLC, as representatives of the several Underwriters named therein. The Debentures were issued under an indenture dated as of September 1, 1988, between NSTAR Electric (formerly Boston Edison Company) and The Bank of New York Mellon Trust Company, N.A. (as successor to The Bank of New York, as successor to Bank of Montreal Trust Company), as trustee. NSTAR Electric has registered its Debentures with the U.S. Securities and Exchange Commission under the Securities Act of 1933, as amended, to a Registration Statement on Form S-3 (Commission File No. 333-231118-02).
The Debentures mature on May 15, 2029 and bear interest at 3.25%, payable semi-annually on each May 15 and November 15, commencing on November 15, 2019. Interest on the Debentures will accrue from May 17, 2019 and will be computed on the basis of a 360-day year consisting of twelve 30-day months.
Section 9 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
NSTAR ELECTRIC CO Exhibit
EX-1 2 underwritingagmnt.htm UNDERWRITING AGREEMENT Exhibit NSTAR ELECTRIC COMPANYDOING BUSINESS AS EVERSOURCE ENERGYDEBT SECURITIESUNDERWRITING AGREEMENTMay 14,…
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EX-1 2 underwritingagmnt.htm UNDERWRITING AGREEMENT Exhibit NSTAR ELECTRIC COMPANYDOING BUSINESS AS EVERSOURCE ENERGYDEBT SECURITIESUNDERWRITING AGREEMENTMay 14,…
To view the full exhibit click
hereAbout NSTAR ELECTRIC COMPANY (OTCMKTS:NSARP)
NSTAR Electric Company (NSTAR Electric), doing business as Eversource Energy is an electric utility. The Company serves residential, commercial and industrial customers in parts of Massachusetts. NSTAR Electric is a subsidiary of Eversource Energy. Eversource Energy operates in three segments: electric distribution, electric transmission and natural gas distribution. Eversource Energy is engaged in the energy delivery business through its utility subsidiaries, which include The Connecticut Light and Power Company, an electric utility that serves residential, commercial and industrial customers in parts of Connecticut; Public Service Company of New Hampshire, an electric utility that serves residential, commercial and industrial customers in parts of New Hampshire and owns generation assets, and Western Massachusetts Electric Company, an electric utility that serves residential, commercial and industrial customers in parts of western Massachusetts and owns solar generating assets.
