Fortis Inc. has priced an offering of $750 million aggregate principal amount of 5.100% fixed-to-fixed rate subordinated notes due December 4, 2055. The Offering is expected to close on September 4, 2025, and the net proceeds will be used to reduce borrowings and for general corporate purposes. The Notes being offered have not been registered under the U.S. Securities Act of 1933. Fortis is a leader in the North American regulated electric and gas utility industry, with 2024 revenue of $12 billion and total assets of $73 billion. Forward-looking information is included in the media release, cautioning readers about potential risks and factors affecting results.

Read more at GlobeNewswire: Fortis Inc. Announces Pricing of Fixed-to-Fixed Rate