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
Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
On May 15, 2017, NSTAR Electric Company, doing business as
Eversource Energy (NSTAR Electric) issued $350,000,000 aggregate
principal amount of its 3.20% Debentures due May 15, 2027
(Debentures) to an Underwriting Agreement, dated May 10, 2017,
between NSTAR Electric and Merrill Lynch, Pierce, Fenner Smith
Incorporated, MUFG Securities Americas Inc. and RBC Capital
Markets, 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.
333-211062-03).
The Debentures mature on May 15, 2027 and bear interest at 3.20%,
payable semi-annually on each May 15 and November 15, commencing
on November 15, 2017. Interest on the Debentures will accrue from
May 15, 2017, 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.
(d)
Exhibits.
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Exhibit Number |
Description |
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Underwriting Agreement, dated May 10, 2017, between NSTAR |
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Form of 3.20% Debenture due May 15, 2027. |
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Legal opinion of Richard J. Morrison, Esq. (including |
About 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. NSTAR ELECTRIC COMPANY (OTCMKTS:NSARP) Recent Trading Information
NSTAR ELECTRIC COMPANY (OTCMKTS:NSARP) closed its last trading session 00.00 at 98.25 with 168 shares trading hands.
