Hunton Andrews Kurth Represents Underwriters on Eversource Energy’s Offering of 17,940,000 Common Shares with a Forward Component

Hunton Andrews Kurth LLP represented the underwriters on an SEC-registered offering by Eversource Energy of 17,940,000 shares of its common shares. This transaction was Eversource Energy’s inaugural issuance of common shares with a forward component. The offering consisted of Eversource Energy directly issuing and selling 5,980,000 common shares (inclusive of additional common shares purchased by the underwriters pursuant to the option to purchase additional shares) to the underwriters and 11,960,000 common shares that were borrowed from third parties by the forward counterparty and subsequently sold to the underwriters for sale in the offering.

Eversource Energy, a voluntary association and Massachusetts business trust, is headquartered in Boston, Massachusetts and Hartford, Connecticut and is a public utility holding company subject to the regulation of the Federal Energy Regulatory Commission (FERC) under the Public Utility Holding Company Act of 2005. Eversource Energy is engaged primarily in the energy delivery business, providing franchised retail electric service to approximately 3.25 million customers in Connecticut, New Hampshire and Massachusetts, franchised retail natural gas service to more than 533,000 residential, commercial and industrial customers in Connecticut and Massachusetts, and water services to approximately 228,000 residential, commercial, industrial, municipal and fire protection and other customers, in 59 towns and cities in Connecticut, Massachusetts and New Hampshire.

The Hunton Andrews Kurth team included Mike Fitzpatrick, Christina Kwon, Brendan Harney and Michelle Chan. Robert McNamara provided tax advice.