CALGARY, AB, Sept. 21, 2020 /CNW/ - CU Inc. (TSX:
CIU.PR.A) (TSX: CIU.PR.C)
CU Inc. announced today that it will issue $150,000,000 of 2.609% Debentures maturing on
September 28, 2050, at a price of
$100.00 to yield 2.609%. This issue
was sold by BMO Nesbitt Burns Inc., RBC Dominion Securities 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
3,600 employees and assets of $17
billion; comprised of rate regulated utility operations in
pipelines, natural gas and electricity transmission and
distribution. More information about CU Inc. can be found on the
Canadian Utilities Limited website
at www.canadianutilities.com.
Investor & Analyst Inquiries:
Myles Dougan
Director, Investor Relations & External Disclosure
T: 403-292-7879 C: 403-828-2908
Media Inquiries:
Kurt
Kadatz
Senior Manager, Corporate Communications
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.