Fortis Inc. Announces Redemption of Its 2.85% Senior Unsecured Notes Due December 12, 2023
09 Maio 2022 - 6:00PM
Fortis Inc. ("Fortis" or the "Corporation") (TSX: FTS) announced
today that it will redeem all of its outstanding 2.85% Senior
Unsecured Notes due December 12, 2023 in the aggregate principal
amount of $500,000,000 (the "Notes"). The redemption date of the
Notes is June 9, 2022.
The redemption price for the Notes will be
calculated on or about the redemption date in accordance with the
terms of the base indenture and supplemental indenture governing
the Notes, both dated as of December 12, 2016 between the
Corporation and Computershare Trust Company of Canada. Fortis will
disclose the redemption price of the Notes by media release on or
before June 9, 2022.
About FortisFortis is a
well-diversified leader in the North American regulated electric
and gas utility industry, with 2021 revenue of $9.4 billion and
total assets of $58 billion as at March 31, 2022. The Corporation's
9,100 employees serve utility customers in five Canadian provinces,
nine U.S. states and three Caribbean countries.
Fortis' shares are listed on the Toronto Stock
Exchange and trade under the symbol FTS. Additional information can
be accessed at www.fortisinc.com, www.sedar.com or www.sec.gov.
Not for distribution to U.S. news wire
services or dissemination in the United States.
Forward-Looking InformationFortis includes
forward-looking information in this media release within the
meaning of applicable Canadian securities laws and forward-looking
statements within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995 (collectively referred to as
"forward-looking information"). Forward-looking information
reflects expectations of Fortis management regarding future growth,
results of operations, performance and business prospects and
opportunities. Wherever possible, words such as anticipates,
believes, budgets, could, estimates, expects, forecasts, intends,
may, might, plans, projects, schedule, should, target, will, would
and the negative of these terms and other similar terminology or
expressions have been used to identify the forward-looking
information, which includes, without limitation: the expected date
of redemption of the Notes and timing of publication of the
redemption price of the Notes.
Forward-looking information involves significant
risks, uncertainties and assumptions. Certain material factors or
assumptions have been applied in drawing the conclusions contained
in the forward-looking information. Fortis cautions readers that a
number of factors could cause actual results, performance or
achievements to differ materially from the results discussed or
implied in the forward-looking information. These factors should be
considered carefully and undue reliance should not be placed on the
forward-looking information. For additional information with
respect to certain of these risks or factors, reference should be
made to the continuous disclosure materials filed by the
Corporation from time to time on SEDAR and EDGAR. The Corporation
disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise.
A PDF accompanying this announcement is
available
at http://ml.globenewswire.com/Resource/Download/1a5bca77-2b8d-427f-b150-2c94a104331f
For more information, please contact
Investor Enquiries:Ms. Stephanie AmaimoVice President, Investor
RelationsFortis
Inc.289.946.3572investorrelations@fortisinc.com |
Media Enquiries:Ms. Karen McCarthyVice President, Communications
& Corporate AffairsFortis
Inc.709.737.5323media@fortisinc.com |
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