Loan & DebtMay 13, 2026, 04:14 PM
NSTAR Electric Issues $700M in Debentures Due 2031 and 2036
AI Summary
NSTAR Electric Company, doing business as Eversource Energy, issued a total of $700 million in debentures on May 13, 2026. This includes $350 million of 4.650% Debentures due 2031 and $350 million of 5.200% Debentures due 2036. The debentures were issued under an underwriting agreement dated May 11, 2026, with several underwriters including Goldman Sachs & Co. LLC.
Key Highlights
- NSTAR Electric issued $350 million of 4.650% Debentures due May 15, 2031.
- NSTAR Electric issued $350 million of 5.200% Debentures due May 15, 2036.
- The total aggregate principal amount of debentures issued is $700 million.
- Interest on both debentures is payable semi-annually starting November 15, 2026.
- The debentures were issued pursuant to an underwriting agreement dated May 11, 2026.
- Underwriters include Goldman Sachs & Co. LLC, Mizuho Securities USA LLC, TD Securities (USA) LLC, U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC.