Fortis Inc. Announces Redemption Price of Its 2.85% Senior Unsecured Notes Due December 12, 2023
June 09 2022 - 5:18PM
Fortis Inc. (TSX: FTS) ("Fortis" or the "Corporation") announced
today the redemption price for its outstanding 2.85% Senior
Unsecured Notes due December 12, 2023 (the "Notes"). The redemption
of all $500,000,000 aggregate principal amount of the Notes was
announced by the Corporation on May 9, 2022 and is effective
as of today (the "Redemption Date").
The redemption price is $1,013.977 per $1,000
principal amount of the Notes, which includes interest accrued to
but excluding the Redemption Date in the amount of $13.977. The
redemption price has been calculated in accordance with the terms
of the base indenture and supplemental indenture governing the
Notes between the Corporation and Computershare Trust Company of
Canada, both dated as of December 12, 2016.
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 United States news
wire services or dissemination in the United States.
A .pdf version of this press release is available
at: http://ml.globenewswire.com/Resource/Download/b06d6df1-c2db-4792-877c-a200ae5b52bd
For more information please contact
Investor Enquiries:Ms. Stephanie AmaimoVice President, Investor
RelationsFortis
Inc.248.946.3572investorrelations@fortisinc.com |
Media Enquiries:Ms. Karen McCarthyVice President, Communications
& Corporate AffairsFortis
Inc.709.737.5323media@fortisinc.com |
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