Eversource Energy (ES) Prices 6M Share Common Offering at $86.26/Sh

Eversource Energy (NYSE: ES) today announced that it has priced its previously announced public offering of 6,000,000 of its common shares at a price per share of $86.26. In connection with the offering, Eversource Energy has granted to the underwriters, noted below, a 30-day option to purchase up to 900,000 additional Eversource Energy common shares, all of which will be offered upon the same terms. The offering is expected to close on or about June 15, 2020, subject to satisfaction or waiver of customary closing conditions.

Goldman Sachs & Co. LLC, Barclays Capital Inc. and Citigroup Global Markets Inc. are acting as underwriters for the offering and may offer the Eversource Energy common shares in transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at either market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.

Eversource Energy intends to use the net proceeds of this offering to fund a portion of the purchase price of its previously announced agreement to purchase the Massachusetts natural gas assets of Columbia Gas from NiSource, Inc.

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