Alectra Inc. to issue $300 million commercial paper program

/THIS PRESS RELEASE MAY NOT BE PUBLISHED, DISTRIBUTED OR TRANSMITTED IN OR INTO THE UNITED STATES OR OVER UNITED STATES WIRE OR NEWS SERVICES/

MISSISSAUGA, ON, Oct. 11, 2018 /CNW/ - Alectra Inc. established a commercial paper program (the Program).

Under the Program, Alectra Inc. (the Company) may issue, from time to time, commercial paper notes (the Notes) up to a maximum amount of $300 million Canadian dollars.

The proceeds from the issuance of any Notes will be used for general corporate purposes.

The Royal Bank of Canada is acting as the issuing and paying agent and the Notes will be offered through a commercial paper dealer syndicate, which also includes the Canadian Imperial Bank of Commerce, the Toronto-Dominion Bank, Bank of Montreal, and RBC Dominion Securities Inc.

This news release does not constitute an offer to sell or a solicitation of an offer to buy Notes under the Program in any jurisdiction.  

This news release is not an offer for sale within the United States of any debt or other securities of the Corporation.

About Alectra's Family of Companies 

Alectra's family of energy companies distributes electricity to nearly one million customers in Ontario's Greater Golden Horseshoe Area and provides innovative energy solutions to these and thousands more across Ontario. The Alectra family of companies includes Alectra Inc., Alectra Utilities Corporation, and Alectra Energy Solutions.

SOURCE Alectra Utilities Corporation

Media Contact: John G. Basilio, Executive Vice-President and Chief Financial Officer, Alectra Inc., [email protected] | 24/7 Media Line: 1.833.MEDIALN