ITC Holdings Enters Into New Revolving Credit Facility
04.25.23
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The Firm represented ITC Holdings Corp. (“ITC Holdings”) and certain of its subsidiaries in connection with its entry into a new $1 billion Master Revolving Credit Facility. Wells Fargo Bank, National Association acted as administrative agent.
ITC Holdings is the largest independent electricity transmission company in the United States. Through its subsidiaries, the company engages in transmission grid solutions to improve reliability, expand access to markets, allow new generating resources to interconnect to its systems and lower the overall cost of delivered energy.
The Simpson Thacher team included Eli Isak and Daniel Westen (Banking & Credit); Michael Mann (Tax); Pasco Struhs (ECEB); and Toby Chun and Noreen Lavan (Environmental).