EPCOR Utilities completes $40M debt financing

EPCOR Utilities Inc.



News Release

NOVEMBER 27, 2017

EPCOR Utilities Inc. completes C$400 million debt offering

Edmonton, Alberta – EPCOR Utilities Inc. (EPCOR) has completed a public offering in Canada of unsecured medium term note debentures in the aggregate principal amount of C$400 million. The notes have a coupon rate of 3.554%, and mature on November 27, 2047. Net proceeds will be used for general corporate purposes, including repayment of existing indebtedness and financing the Corporation’s capital expenditure program and working capital requirements.

These debt securities are rated A (low) by DBRS Limited and A- by Standard and Poor’s Ratings Services.

The offering was made in Canada under EPCOR’s previously filed short form base shelf prospectus dated November 27, 2015. Scotia Capital Inc. and TD Securities Inc. acted as co-leads and joint bookrunners for the offering.

For more information, please contact:
Tim le Riche
Specialist, Corporate Communications
EPCOR
780-969-8238
Cell 780-721-2013
tleriche@epcor.com

About EPCOR Utilities Inc.

EPCOR, through its subsidiaries, builds, owns and operates electrical, natural gas and water transmission and distribution networks, water and wastewater treatment facilities, sanitary and stormwater systems, and infrastructure in Canada and the United States. The company also provides electricity, natural gas and water products and services to residential and commercial customers. EPCOR, headquartered in Edmonton, is an Alberta Top 70 employer. EPCOR’s website address is www.epcor.com.