Fortis ( (TSE:FTS) ) just unveiled an announcement.
Fortis Inc. has successfully closed a private placement offering of $600 million in senior unsecured notes, maturing in 2032, with a 4.090% interest rate. This strategic financial move, facilitated by a syndicate of agents, bolsters Fortis’ capital structure and supports its ongoing operations and growth in the utility sector, reinforcing its position as a key player in the North American energy market.
More about Fortis
Fortis is a well-diversified leader in the North American regulated electric and gas utility industry, with 2024 revenue of $12 billion and total assets of $73 billion. The company operates in five Canadian provinces, ten U.S. states, and three Caribbean countries, employing 9,800 people. Fortis’ shares are listed on the Toronto Stock Exchange under the symbol FTS.
YTD Price Performance: 7.85%
Average Trading Volume: 596,162
Technical Sentiment Signal: Sell
Current Market Cap: $22.19B
See more data about FTS stock on TipRanks’ Stock Analysis page.