Fortis Inc. Prices $500M Senior Notes Offering

Fortis (TSE:FTS) has released an update.

Fortis Inc. has announced the pricing of a $500 million offering of 4.171% senior unsecured notes due 2031, with the proceeds intended to repay borrowings and for general corporate purposes. The offering will close on September 9, 2024, and interest on the notes is to be paid semi-annually. Fortis is a leading North American utility with significant revenues and assets, serving customers across multiple regions.

For further insights into TSE:FTS stock, check out TipRanks’ Stock Analysis page.