Eversource Energy’s $150 Million Bond Offering


Choate represented the underwriters in the offering.

Public Service Company of New Hampshire, doing business as Eversource Energy executed a $150,000,000 public offering of first mortgage bonds.

The Eversource Energy subsidiary plans to use the net proceeds from the offering to refinance short-term debt, fund capital expenditures and working capital.

Wells Fargo Securities LLC and KeyBanc Capital Markets Inc. are the joint bookrunning managers for the transaction. Roberts & Ryan Investments Inc. and Siebert Williams Shank & Co. LLC are the co-managers.

Eversource is New England’s largest energy provider, serving more than 3.6 million electric and natural gas customers in CT, MA and NH.

Choate represented the underwriters with a team including Partners Andrew J. Hickey (Picture) and Daniel P. Riley, and Associate Marc W. Morelli.

Involved fees earner: Andrew Hickey – Choate; Marc Morelli – Choate; Daniel Riley – Choate;

Law Firms: Choate;

Clients: KeyBanc Capital Markets; Roberts and Ryan Investments; Siebert Williams Shank & Co. LLC; Wells Fargo Securities;

Author: Ambrogio Visconti