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EPCOR Utilities Inc. completes public offering

Date Closed

September 02, 2022

Lead Office

Calgary

Value

450.00 Million CAD

On September 2, 2022, EPCOR Utilities Inc. completed a public offering in Canada of unsecured medium term note debentures in the aggregate principal amount of C$450 million. The notes have a coupon rate of 4.725% and mature on September 2, 2052. The offering was made in Canada under EPCOR Utilities Inc.’s previously filed short form base shelf prospectus dated December 7, 2021.

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

RBC Dominion Securities Inc. provides investment banking and wealth management services to individuals, families, businesses, charitable foundations, and other organizations in Canada and internationally.

McCarthy Tétrault advised RBC Dominion Securities Inc., as co-lead and joint bookrunner, with a team led by John Osler K.C. that included Farhiyah Shariff, Maria Rooney, Karsten Carriere, and Rebecca Thomas (Business).

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