Alectra Inc. announced today that it has closed its private placement offering of C$200 million aggregate principal amount of 3.458% Series 2019-1 senior unsecured debentures due April 12, 2049. The net proceeds of the offering will be used to repay approximately $145 million of the Corporation’s outstanding commercial paper and for general corporate purposes.
The Series 2019-1 Debentures were offered in each of the provinces of Canada on a private placement basis through a syndicate of agents that was co-led by TD Securities Inc. and CIBC World Markets Inc.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The Series 2019-1 Debentures have not been registered under the United States Securities Act of 1933, as amended or any state securities laws. Accordingly, the Series 2019-1 Debentures may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Alectra in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Alectra’s family of energy companies distributes electricity to more than one million homes and businesses in Ontario’s Greater Golden Horseshoe area and provides innovative energy solutions to these and thousands more across Ontario. The Alectra family of companies includes Alectra Inc., Alectra Utilities Corporation and Alectra Energy Solutions Inc.
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