CU Inc. Announces Debenture Issue
CALGARY, ALBERTA--(Marketwired - Oct. 27, 2015) - CU Inc. announced today that it will issue $250,000,000 of 4.211% Debentures maturing on October 29, 2055, at a price of $100.00 to yield 4.211%. This issue was sold by RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., TD Securities Inc., Scotia Capital Inc. and CIBC World Markets Inc. Proceeds from the issue will be used to finance capital expenditures, to repay existing indebtedness, and for other general corporate purposes of ATCO Electric Ltd. and ATCO Gas and Pipelines Ltd.
CU Inc. is a wholly-owned subsidiary of Canadian Utilities Limited, an ATCO Company. An Alberta-based corporation with more than 5,400 employees and assets of approximately $14 billion, CU Inc. is comprised of rate regulated utility operations in pipelines, natural gas and electricity transmission and distribution. More information about CU Inc. can be found on the Canadian Utilities Limited website at www.canadianutilities.com.
(October 27, 2015 - 5:07 PM EDT)
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