CALGARY,
AB, May 31, 2022 /CNW/ - Canadian
Utilities Limited (TSX: CU, CU.X)
Canadian Utilities Limited announced today that it will issue
$250,000,000 of 4.851% Debentures
maturing on June 3, 2052, at a price
of $100.00 to yield 4.851%. This
issue was sold by BMO Nesbitt Burns Inc., RBC Dominion
Securities Inc., TD Securities Inc., Scotia Capital Inc., CIBC
World Markets Inc. and MUFG Securities (Canada), Ltd. Proceeds from the issue will be
used to finance capital expenditures, to repay existing
indebtedness and for other general corporate purposes.
With approximately 4,800 employees and assets of $21
billion, Canadian Utilities Limited is an ATCO company. Canadian
Utilities is a diversified global energy infrastructure corporation
delivering essential services and innovative business solutions in
Utilities (electricity and natural gas transmission and
distribution, and international electricity operations); Energy
Infrastructure (electricity generation, energy storage, and
industrial water solutions); and Retail Energy (electricity and
natural gas retail sales). More information can be found
at www.canadianutilities.com.
Investor & Analyst Inquiries:
Colin Jackson
Senior Vice President
Finance, Treasury, Risk & Sustainability
Colin.Jackson@atco.com
403 808 2636
Media Inquiries:
Kurt
Kadatz
Director, Corporate Communications
Kurt.Kadatz@atco.com
587 228 4571
Forward-Looking
Information:
Certain statements contained in this news release may
constitute forward-looking information. Forward-looking information
is often, but not always, identified by the use of words such as
"anticipate", "plan", "estimate", "expect", "may", "will",
"intend", "should", and similar expressions.
Although the Company believes that the expectations reflected
in the forward-looking information are reasonable, such statements
are not guarantees of future performance and no assurance can be
given that these expectations will prove to be correct.
Forward-looking information should not be unduly relied upon. By
their nature, these statements involve a variety of
assumptions, known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
information.
The Company's actual results could differ materially from
those anticipated in this forward-looking information as a result
of regulatory decisions, competitive factors in the industries in
which the Company operates, prevailing economic conditions
(including as may be affected by the COVID-19 pandemic), and other
factors, many of which are beyond the control of the
Company. Readers are cautioned that the foregoing
lists are not exhaustive. For additional information about the
principal risks that the Company faces, see "Business Risks and
Risk Management" in Management's Discussion and Analysis for the
year-ended December 31,
2021.
Any forward-looking information contained in this news
release represents the Company's expectations as of the date hereof
and is subject to change after such date. The Company disclaims any
intention or obligation to update or revise any forward-looking
information whether as a result of new information, future events
or otherwise, except as required by applicable securities
legislation.
SOURCE Canadian Utilities Limited