Welcome to EPCOR Our site is customized by location. Please select the region of your service and we’ll remember your selection for next time.
Select location

Our site is customized by location. Please select the region of your service and we’ll remember your selection for next time.

Change a country
Country Flag Canada
Country Flag United States

Select a region for customized content and rates

Mouse hover over any region to see the map here
Edmonton
All Alberta locations except Edmonton
French Creek
Aylmer and area
Collingwood and area
Kincardine and area
Select a state

Looks like you're in Canada

Looks like you're in the United States

Change country
Country Flag Canada
Country Flag United States

Select a region for customized content and rates

Mouse hover over any region to see the map here
Edmonton
All Alberta locations except Edmonton
French Creek
Aylmer and area
Collingwood and area
Kincardine and area

Select a region for customized content and rates

Select a region for customized content and rates

Choose your location
To view this page, set your location to:
Country Flag Country Flag
This page doesn’t match your location
To view this page, you must change your location to:
Country Flag Country Flag
Choose your location
To view this page, you must set your location to:
Country Flag Country Flag

EPCOR Utilities Inc. completes C$250 million debt offering

PublishedMay 31, 2024

Edmonton, Alberta – EPCOR Utilities Inc. (EPCOR) has completed private placement offering in Canada of senior unsecured notes in the aggregate principal amount of C$250 million (the Notes). The notes have a coupon rate of 4.99%, and mature on May 31, 2054. 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) (stable) by Morningstar DBRS, A- by S&P Global Ratings and A by Fitch Ratings.

The offering was made in Canada on a private placement basis and the Notes will be issued under EPCOR's trust indenture dated as of June 28, 1999 between EPCOR and the Trust Company of Bank of Montreal, now succeeded by BNY Trust Company of Canada, as trustee. RBC Dominion Securities Inc. and Scotia Capital Inc. acted as co-leads and joint bookrunners for the syndicate of agents which included TD Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., MUFG Securities (Canada), Ltd. and Merrill Lynch Canada Inc. The Notes have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold within the United States and this news release is not, and under no circumstances is to be construed as, an offering or solicitation in respect of purchases or sales of the Notes in the United States. Resale of the Notes will be subject to restrictions under applicable securities legislation which vary depending on the relevant jurisdictions.

- 30 -

For more information, contact:

Media Relations:   
Laura Ehrkamp
Phone: 780-721-9001
Email: epcormedia@epcor.com

Corporate Relations:
Matt Lemay
Phone: 780-412-371
Toll Free: 1-877-969-8280
Email: mlemay@epcor.com


Caution Concerning Forward-Looking Statements

Certain statements made in this news release are forward-looking statements, including statements relating to the intended use of the net proceeds of the offering of the Notes. Forward-looking statements, by their very nature, are subject to inherent risks and uncertainties and are based on several assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements. As a result, we cannot guarantee that any forward-looking statement will materialize and we caution you against relying on any of these forward-looking statements. The forward-looking statements contained in this news release describe our expectations at the date of this news release and, accordingly, are subject to change after such date. Except as may be required by Canadian securities laws, we do not undertake any obligation to update or revise any forward-looking statements contained in this news release, whether as a result of new information, future events or otherwise. Forward-looking statements are provided herein for the purpose of giving information about the proposed offering referred to above. Readers are cautioned that such information may not be appropriate for other purposes.

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 committed to conducting its business and operations safely and responsibly. Environmental stewardship, public health and community well-being are at the heart of EPCOR's mission to provide clean water and safe, reliable energy. EPCOR is an Alberta Top 80 employer, is ranked among Corporate Knights' 2023 Best 50 Corporate Citizens in Canada, and is designated a Utility of the Future Today by the Water Environment Federation.

This site uses cookies to provide a better user experience and for advertising purposes. By using our website, you accept our use of cookies. Visit our Privacy Policy for more details.