EPCOR Utilities Inc. completes C$450 million debt offering

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$450 million. The notes have a coupon rate of 4.725%, and mature on September 2, 2052. 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 DBRS Limited and A- (stable) by S&P Global Ratings.

The offering was made in Canada under EPCOR’s previously filed short form base shelf prospectus dated December 7, 2021. BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc. acted as co-leads and joint bookrunners for the syndicate of agents which included CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., MUFG Securities (Canada), Ltd., Merrill Lynch Canada Inc. and Wells Fargo Securities Canada Ltd.

For more information, please contact: