Fortis Inc. priced $600 million in senior unsecured notes due in 2032

From GlobeNewswire: 2025-03-24 18:20:00

Fortis Inc. has priced an offering of $600 million in senior unsecured notes due in 2032. The offering, made through a syndicate of agents, is expected to close on March 26, 2025. Interest on the notes will be payable semi-annually starting in September 2025. The net proceeds will be used to reduce borrowings and for general corporate purposes. The notes are not registered under the U.S. Securities Act and may not be offered or sold in the United States. Fortis is a leader in the North American regulated electric and gas utility industry with 2024 revenue of $12 billion.



Read more at GlobeNewswire: Fortis Inc. Announces Pricing of Senior Unsecured Notes