Calgary advised FortisAlberta on its C$150m medium term notes offering

September 17, 2018

Client: FortisAlberta Inc.

Our Calgary office advised FortisAlberta Inc. in relation to its offering of C$150m 3.734 percent unsecured medium term note debentures due September 18, 2048. The notes were issued through a syndicate of agents including RBC Capital Markets, BMO Nesbitt Burns Inc., TD Securities Inc., Scotia Capital Inc., CIBC World Markets Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc., and Casgrain & Company Limited.

FortisAlberta owns and operates more than 60 per cent of Alberta’s total electricity distribution network. The Corporation delivers safe and reliable electricity to more than half a million customers in more than 200 communities across Alberta. FortisAlberta is a wholly-owned subsidiary of Fortis Inc., a leader in the North American regulated electricity and gas utility industry, with total assets of approximately C$48bn.

The team included Peter Allegretto, Zoë Abreder and Darren Hueppelsheuser.