Published on 3/29/2018 in the Prospect News Private Placement Daily.
New Issue: International Transmission places $225 million 4% first mortgage bonds
By Devika Patel
Knoxville, Tenn., March 29 – International Transmission Co. settled a $225 million private placement of 4% first mortgage bonds, series G, due March 30, 2053 on March 29, according to an 8-K filed Monday with the Securities and Exchange Commission.
The bonds have a make-whole call until Sept. 30, 2052, then a par call.
The electric transmission company, a subsidiary of ITC Holdings Corp., is based in Novi, Mich.
| Issuer: | International Transmission Co.
|
| Issue: | First mortgage bonds
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| Amount: | $225 million
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| Maturity: | March 30, 2053
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| Coupon: | 4%
|
| Call: | Make-whole call until Sept. 30, 2052, then a par call
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| Settlement date: | March 29
|
| Distribution: | Private placement
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