Davis Polk advised the joint book-running managers in connection with a Rule 144A / Regulation S offering of $500 million aggregate principal amount of 1.729% senior notes due 2030 by Massachusetts Electric Company.
Massachusetts Electric Company distributes electricity to approximately 1.3 million customers throughout Massachusetts. Massachusetts Electric 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 delivery company based in the United Kingdom.
The Davis Polk corporate team included partner Reuven B. Young and associate Alexander W. Simmonds. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Counsel Loyti Cheng and associate Michael Comstock provided environmental advice. Members of the Davis Polk team are based in the London and New York offices.