Fortis Inc. Announces Pricing of Fixed-to-Fixed Rate Subordinated Notes

Core Points - Fortis Inc. has announced a private placement offering of $750 million in 5.100% fixed-to-fixed rate subordinated notes due December 4, 2055 [1] - The offering is being conducted through a syndicate of agents and is expected to close on September 4, 2025 [1][2] - The net proceeds from the offering will be used to reduce borrowings under the corporation's revolving corporate credit facility and for general corporate purposes [2] - Fortis reported 2024 revenue of $12 billion and total assets of $73 billion as of June 30, 2025 [4] - The corporation serves utility customers across five Canadian provinces, ten U.S. states, and the Caribbean with a workforce of 9,700 employees [4]