The investment-grade notes are due 2055

Davis Polk advised the joint book-running managers in connection with a Rule 144A / Regulation S offering of $350 million aggregate principal amount of 5.848% senior notes due 2055 by New England Power Company.

New England Power Company operates electric transmission facilities in Massachusetts, New Hampshire and Vermont. New England Power Company is an indirect wholly owned subsidiary of National Grid USA, which in turn is an indirect wholly owned subsidiary of National Grid plc, an international electricity and natural gas energy delivery company based in the United Kingdom.

The Davis Polk corporate team included partner Reuven B. Young, counsel Christopher Diel and associate Mary Valtas. Counsel Alon Gurfinkel and associate Ya Sheng Lin provided tax advice. Counsel Michael Comstock and associate Timothy J. Sullivan provided environmental advice. Members of the Davis Polk team are based in the London and New York offices.

Copy link to share post