New Issue: Epcor Utilities prints C$450 million 4.725% debentures due 2052

Chicago, Sept. 2 – Epcor Utilities Inc. closed on C$450 million of 4.725% debentures due 2052 (A-/DBRS: A (low)), according to a press release.

BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc. are the co-leads and joint bookrunners for the syndicate of agents which included CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., MUFG Securities (Canada), Ltd., Merrill Lynch Canada Inc. and Wells Fargo Securities Canada Ltd.

Proceeds will be used for general corporate purposes, including to repay existing debt and finance the corporation’s capital expenditure program and working capital requirements.

Epcor Utilities is an Edmonton, Alta.-based company that owns and operates electric, natural gas and water transmission and distribution networks, water and wastewater treatment facilities and sanitary and storm water systems in Canada and the United States.

Issuer:	Epcor Utilities Inc.
Amount:	C$450 million
Issue:	Debentures
Maturity:	Sept. 2, 2052
Bookrunners:	BMO Nesbitt Burns Inc., RBC Dominion Securities Inc. (leads), CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., MUFG Securities (Canada), Ltd., Merrill Lynch Canada Inc. and Wells Fargo Securities Canada Ltd.
Coupon:	4.725%
Announcement date:	Sept. 2
Ratings:	S&P: A-
	DBRS: A (low)

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