Fortis Inc (FTS) - President & CEO, David Hutchens
President & CEO, David Hutchens
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  • Fortis (FTS) has closed its offering of 2.18% senior unsecured notes due May 15, 2028
  • The $500,000,000 offering was made to the public through a syndicate of agents co-led by TD Securities Inc, BMO Nesbitt Burns Inc. and Scotia Capital Inc.
  • Fortis owns and operates utility transmission and distribution assets in Canada and the United States
  • Fortis Inc.(FTS) is down 0.20 per cent, trading at C$55.01 per share at 1:20 pm ET

Fortis (FTS) has closed its offering of 2.18% senior unsecured notes due May 15, 2028.

The $500,000,000 offering was made to the public through a syndicate of agents co-led by TD Securities Inc, BMO Nesbitt Burns Inc. and Scotia Capital Inc.

Agents included CIBC World Markets Inc., RBC Dominion Securities Inc., Desjardins Securities Inc., National Bank Financial Inc., Merrill Lynch Canada, Inc., Morgan Stanley Canada Limited, MUFG Securities (Canada) Ltd., Wells Fargo Securities Canada, Ltd. and Casgrain & Company Limited.

Fortis, a well-diversified leader in the North American regulated electric and gas utility industry, owns and operates utility transmission and distribution assets in Canada and the United States, serving more than 2.5 million electricity and gas customers.

The company has smaller stakes in electricity generation and several Caribbean utilities. ITC operates electric transmission in seven U.S. states, with more than 16,000 miles of high-voltage transmission lines in operation serving a peak load in excess of 26 gigawatts.

Fortis Inc.(FTS) is down 0.20 per cent, trading at C$55.01 per share at 1:20 pm ET.

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