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EPCOR Utilities Inc. completes C$400 million debt offering


FOR: EPCOR UTILITIES INC.

Date issue: November 27, 2017
Time in: 2:42 PM e

Attention:

EDMONTON, ALBERTA--(Marketwired - Nov. 27, 2017) - 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.

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.

- END RELEASE - 27/11/2017

For further information:
Tim le Riche
Specialist, Corporate Communications
EPCOR
780-969-8238
Cell 780-721-2013
[email protected]

COMPANY:
FOR: EPCOR UTILITIES INC.

INDUSTRY: Energy and Utilities - Utilities, Energy and Utilities -
Pipelines
RELEASE ID: 20171127CC0038

Press Release from Marketwired 1-866-736-3779

All press releases are written by the client and have NO affiliation with the news copy written by The Canadian Press. Any questions that arise due to the content or information provided in the press release should be directed to the company/organization issuing the release, not to The Canadian Press.



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