Fortis Inc. Announces Closing of Offering of Fixed-To-Fixed Rate Subordinated Notes

Core Points - Fortis Inc. has successfully closed a private placement offering of $750 million in subordinated notes with a fixed interest rate of 5.100% due on December 4, 2055 [2] - The offering was facilitated by a syndicate of agents, including major financial institutions such as BMO Nesbitt Burns Inc. and Scotia Capital Inc. [2] - Fortis is a leading player in the North American regulated electric and gas utility sector, reporting revenues of $12 billion and total assets of $73 billion as of June 30, 2025 [4] Company Overview - Fortis operates in five Canadian provinces, ten U.S. states, and the Caribbean, employing approximately 9,700 individuals [4] - The company's shares are publicly traded on the Toronto Stock Exchange under the symbol FTS [4]