CU Inc. Announces Debenture Issue
September 04 2013 - 12:33PM
Marketwired
CU Inc. announced today that it will issue $600,000,000 of 4.722%
Debentures maturing on September 9, 2043, at a price of $100.00 to
yield 4.722%. This issue was sold by BMO Nesbitt Burns Inc., RBC
Dominion Securities Inc., TD Securities Inc. and Scotia Capital
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, part of the ATCO Group of Companies. An Alberta-based
corporation with assets of approximately $11 billion and more than
4,700 employees, 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
.
Contacts: CU Inc. B.R. (Brian) Bale Senior Vice President &
Chief Financial Officer (403) 292-7502
www.canadianutilities.com
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