SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): November 12, 2009
NSTAR
(Exact name of registrant as specified in its charter)
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| Massachusetts | | 001-14768 | | 04-3466300 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification Number) |
800 Boylston Street
Boston, Massachusetts 02199
(Address, of principal executive offices, including zip code)
(617) 424-2000
(Registrant’s Telephone number including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (seeGeneral Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Section 1 – Registrant’s Business and Operations
| Item 1.01. | Entry into a Material Definitive Agreement. |
On November 12, 2009, NSTAR entered into an underwriting agreement (the “Underwriting Agreement,” attached as Exhibit 99.1 hereto) with Banc of America Securities LLC and Goldman, Sachs & Co., as representatives to the underwriters, in connection with the offer and sale by NSTAR to the underwriters of $350 million aggregate principal amount of 4.50% Debentures due 2019 (the “Debentures”). The Debentures were issued under an indenture dated as of January 12, 2000 between NSTAR and The New York Mellon Trust Company, N.A. (as successor to Bank One Trust Company, N.A.), as trustee. The Debentures were registered under the Securities Act of 1933 (Registration Statement No. 333-162401).
The Debentures mature on November 15, 2019 and bear interest at a rate of 4.50% per annum, which is payable semi-annually on May 15 and November 15 of each year, commencing May 15, 2010. Interest on the Debentures will accrue from November 17, 2009 and will be computed on the basis of a 360-day year consisting of twelve 30-day months.
NSTAR may, at its option, redeem the Debentures, in whole or in part, at any time at a redemption price equal to the greater of:
| | • | | 100% of the principal amount of the Debentures to be redeemed, plus accrued interest to the redemption date, and |
| | • | | as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal of and interest on the Debentures to be redeemed (not including any portion of payments of interest accrued as of the redemption date) discounted to the redemption date on a semiannual basis at the Adjusted Treasury Rate, plus 20 basis points plus accrued interest to the redemption date. |
Section 2 – Financial Information
| Item 2.03. | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information in Item 1.01 is incorporated herein by reference thereto.
Section 9 – Financial Statements and Exhibits
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| | |
| Exhibit 99.1 | | Underwriting Agreement, dated as of November 12, 2009 among NSTAR, Banc of America Securities LLC and Goldman, Sachs & Co. |
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| Exhibit 99.2 | | A form of 4.50% Debenture due 2019. |
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| Exhibit 99.3 | | Statement Regarding Computation of Ratio for NSTAR. |
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| Exhibit 99.4 | | Opinion of Ropes & Gray LLP. |
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| Exhibit 99.5 | | Consent of Ropes & Gray LLP (included in Opinion of Ropes & Gray LLP filed herewith). |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| NSTAR |
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| By | | /S/ ROBERT J. WEAFER, JR. |
| Name: | | Robert J. Weafer, Jr. |
| Title: | | Vice President, Controller and Chief Accounting Officer |
Date: November 16, 2009
