EPCOR Utilities Inc. completes C$250 million debt offering
Summary
Net proceeds will be used for general corporate purposes, including repayment of existing indebtedness and financing the Corporations 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 EPCORs 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. 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. Readers are cautioned that such information may not be appropriate for other purposes.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. Environmental stewardship, public health and community well-being are at the heart of EPCORs mission to provide clean water and safe, reliable energy.