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DBRS assigns A (low) to Epcor Utilities notes
DBRS said it assigned a rating of A (low) with a stable trend to Epcor Utilities Inc.’s C$400 million 3.554% medium-term notes maturing Nov. 27, 2047. The notes settled on Nov. 27.
The notes will be direct, unsecured and unsubordinated obligations of Epcor and will rank equally, except as to sinking funds and statutory preferred exceptions, with all other unsecured and unsubordinated debt of the company.
Net proceeds will be used to repay existing debt and for other corporate purposes.
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