Skip ribbon commands
Skip to main content

EPCOR Completes C$200 Million Debt Offering

November 26, 2018

Edmonton, Alberta EPCOR Utilities Inc. (EPCOR) has completed a public offering in Canada of unsecured medium term note debentures in the aggregate principal amount of C$200 million. The notes have a coupon rate of 3.949%, and mature on November 26, 2048. Net proceeds will be used for general corporate purposes, including repayment of existing indebtedness and financing the Corporation's capital expenditure program and working capital requirements.

These debt securities are rated A (low) by DBRS Limited and A- by Standard and Poor's Ratings Services.

The offering was made in Canada under EPCOR's previously filed short form base shelf prospectus dated December 8, 2017. RBC Dominion Securities Inc. and BMO Nesbitt Burns Inc. acted as co-leads and joint bookrunners for the syndicate of agents which includes TD Securities Inc., CIBC World Markets Inc., Scotia Capital Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc., Merrill Lynch Canada Inc., MUFG Securities (Canada), Ltd. and Wells Fargo Securities Canada Ltd.

For more information, please contact:

Media Relations
Phone: (780) 721-9001

About EPCOR Utilities Inc.

EPCOR, through its wholly owned subsidiaries, builds, owns and operates electrical, natural gas and water transmission and distribution networks, water and wastewater treatment facilities, sanitary and stormwater systems, and infrastructure in Canada and the United States. The company also provides electricity, natural gas and water products and services to residential and commercial customers. EPCOR, headquartered in Edmonton, is an Alberta Top 70 employer.

Discover more in:
 
{{article.Title}}
{{article.ArticleDate | jsonDate:'MMMM dd, yyyy'}}