Simpson Thacher recently represented ITC Holdings Corp. (“ITC Holdings”) in connection with its Rule 144A offering of $200 million aggregate principal amount of its 5.500% Senior Notes due 2020 (“ITC Holdings Senior Notes”). The ITC Holdings Senior Notes offering closed December 11, 2009.
ITC Holdings is the largest independent electricity transmission company in the United States. Through its subsidiaries, ITCTransmission, Michigan Electric Transmission Company and ITC Midwest, ITC Holdings operates regulated, high-voltage transmission systems in Michigan’s Lower Peninsula and portions of Iowa, Minnesota, Illinois and Missouri.
The Simpson Thacher team for the ITC Holdings transaction included Rise Norman, Jed Weiner, Shih-Chi Pan, Aleksander Janiszewski (Capital Markets), Jonathan Cantor, Andrew Purcell (Tax), Jeanne Annaruma, Eric Sarabia (Executive Compensation and Employee Benefits), Adeeb Fadil, Noreen Lavan (Environmental), Krista McManus and Jennifer Lai (Real Estate). Paralegal Laura Maio provided valuable assistance.