CALGARY, AB, Aug. 31, 2021 /CNW/ - CU Inc. (TSX:
CIU.PR.A) (TSX: CIU.PR.C)
CU Inc. announced today that it will issue $460,000,000 of 3.174% Debentures maturing on
September 5, 2051, at a price of
$100.00 to yield 3.174%. This issue
was sold by RBC Dominion Securities Inc., BMO Nesbitt Burns Inc.,
TD Securities Inc., Scotia Capital Inc., CIBC World Markets Inc.
and MUFG Securities (Canada), Ltd.
Proceeds from the issue will be used to finance capital
expenditures, to repay existing indebtedness and for other general
corporate purposes.
CU Inc. is a wholly-owned subsidiary of Canadian Utilities
Limited, an ATCO Company. CU Inc. is an Alberta-based corporation with approximately
3,200 employees and assets of $17
billion comprised of rate-regulated utility operations in
electricity and natural gas distribution and transmission. More
information about CU Inc. can be found on the Canadian Utilities
Limited website at www.canadianutilities.com.
Investor & Analyst Inquiries:
Brian Shkrobot
Interim Senior Vice President & Chief Financial Officer
Brian.Shkrobot@atco.com
T: (403) 292 7502
Media Inquiries:
Kurt
Kadatz
Senior Manager, Corporate Communications
Kurt.Kadatz@atco.com
T: (587) 228 4571
Forward-Looking Information:
Certain
statements contained in this news release may constitute
forward-looking information. Forward-looking information is often,
but not always, identified by the use of words such as
"anticipate", "plan", "estimate", "expect", "may", "will",
"intend", "should", and similar expressions.
Forward-looking information involves known and unknown risks,
uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such
forward-looking information.
The Company's actual results could differ materially from
those anticipated in this forward-looking information as a result
of regulatory decisions, competitive factors in the industries in
which the Company operates, prevailing economic conditions
(including as may be affected by the COVID-19 pandemic), and other
factors, many of which are beyond the control of the
Company.
The Company believes that the expectations reflected in the
forward-looking information are reasonable, but no assurance can be
given that these expectations will prove to be correct and such
forward-looking information should not be unduly relied
upon.
Any forward-looking information contained in this news
release represents the Company's expectations as of the date hereof
and is subject to change after such date. The Company disclaims any
intention or obligation to update or revise any forward-looking
information whether as a result of new information, future events
or otherwise, except as required by applicable securities
legislation.
SOURCE CU Inc.
