EDMONTON, Feb. 28, 2012 /CNW/ - EPCOR Utilities Inc. (EPCOR) has
completed a public offering in Canada of unsecured medium term note
debentures in the aggregate principal amount of C$300 million. The
notes have a coupon of 4.55% and mature on February 28, 2042. The net
proceeds of the offering will be used to repay EPCOR's commercial paper
indebtedness and for general corporate purposes.
These debt securities are rated A (low) by DBRS Limited and BBB+ by
Standard and Poor's Ratings Services.
The offering was made in Canada under EPCOR's previously filed short
form base shelf prospectus dated December 1, 2011. BMO Capital Markets
and RBC Capital Markets acted as co-leads and joint bookrunners for the
About EPCOR Utilities Inc.
EPCOR's wholly owned subsidiaries build, own and operate electrical
transmission and distribution networks, water and wastewater treatment
facilities and infrastructure in Canada and the United States. EPCOR,
headquartered in Edmonton, Alberta, is an Alberta Top 50 employer.
EPCOR's website is www.epcor.ca
Certain information in this press release is forward-looking and related
to anticipated financial performance, events and strategies. When used
in this context, words such as "will", "anticipate", "believe", "plan",
"intend", "target", "expect" or similar words suggest future outcomes.
By their nature, such statements are subject to significant risks and
uncertainties, which could cause EPCOR's actual results and experience
to be materially different than the anticipated results. Such risks and
uncertainties include, but are not limited to, operating performance,
commodity prices and volumes, load settlement, regulatory and
government decisions including changes to environmental and tax
legislation, weather and economic conditions, competitive pressures,
construction risks, availability and cost of financing, foreign
exchange risks, availability of labour and management resources and the
performance of partners, contractors and suppliers.
Readers are cautioned not to place undue reliance on forward-looking
statements as actual results could differ materially from the plans,
expectations, estimates or intentions expressed in the forward-looking
statements. Except as required by law, EPCOR disclaims any intention
and assumes no obligation to update any forward-looking statement even
if new information becomes available, as a result of future events or
for any other reason.
SOURCE EPCOR Utilities Inc.
For further information:
Tim le Riche
Specialist, External Communications