Calgary advised FortisAlberta on its C$200m medium term notes offering

September 7, 2017

Client: FortisAlberta Inc.


Calgary advised FortisAlberta Inc. in relation to its offering of C$200m 3.672 percent unsecured medium term note debentures due September 9, 2047. The notes were issued through a syndicate of agents including TD Securities Inc., National Bank Financial Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., and Casgrain & Company Limited.

FortisAlberta is an electric distribution company that owns and operates more than 60 per cent of Alberta’s total electricity distribution network. The Corporation delivers safe and reliable electric distribution service to approximately 550,000 customers in 200 communities across central and southern Alberta. FortisAlberta is a wholly-owned indirect subsidiary of Fortis Inc., a leader in the North American regulated electric and gas utility business, with total assets of approximately $48 billion and fiscal 2016 revenue of $6.8 billion.

The team consisted of Peter Allegretto, Brian Milne, and Zoë Abreder.