Fortis Prices $550M Of 5.677% Senior Unsecured Notes Due November 8, 2033
Portfolio Pulse from Benzinga Newsdesk
Fortis Inc. has priced a private placement offering of $500 million aggregate principal amount of 5.677% senior unsecured notes due November 8, 2033. The offering is being made through a syndicate of agents co-led by RBC Dominion Securities Inc., BMO Nesbitt Burns Inc. and Scotia Capital Inc., and is expected to close on November 8, 2023.
November 07, 2023 | 7:19 am
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Fortis Inc. has priced a $500 million offering of 5.677% senior unsecured notes. This could potentially increase the company's liquidity and strengthen its financial position.
The pricing of the $500 million offering of 5.677% senior unsecured notes by Fortis Inc. could potentially increase the company's liquidity and strengthen its financial position. This could make the company more attractive to investors, potentially leading to a positive impact on the company's stock price in the short term.
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