Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 09-04-2015 | Practice Area: | Debt Capital Markets |
| Deal Title: | ITC Holdings Corp Secured Mortgage Bonds due 2055 | Industry: | Electricity |
| Description: |
Simpson Thacher represented ITC Midwest LLC, a wholly owned subsidiary of ITC Holdings Corp. in connection with ITC Midwest's issuance of USD225 million aggregate principal amount of its 3.83% First Mortgage Bonds, Series G due 2055 (the Bonds) in a private placement. The offering closed on April 7, 2015.
ITC operates, maintains and invests in transmission infrastructure in order to enhance system integrity and reliability, to reduce transmission constraints and to allow new generating resources to interconnect to its transmission systems. ITC is the largest independent electricity transmission company in the United States.
The Simpson Thacher team for the transaction included Rise Norman, Rodrigo Surcan dos Santos and Ashley Belton (Capital Markets).
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| Financial Center: | New York | Value: | 100.01-500.00 |
| Advised Party: | Issuer | Law Firm | Simpson Thacher |
| Issuer Jurisdiction | United States | Listing Jurisdiction | United States |
| Classification: |
Corporate Bonds Senior Debt |
Lawyer | Rise B Norman |
