|By Marketwired .||
|September 2, 2014 05:47 PM EDT||
CALGARY, ALBERTA -- (Marketwired) -- 09/02/14 -- CU Inc. announced today that it will issue $1,000,000,000 of 4.085% Debentures maturing on September 2, 2044, at a price of $100.00 to yield 4.085%. This issue was sold by RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., TD Securities Inc., Scotia Capital Inc. and CIBC World Markets Inc. Proceeds from the issue will be used to finance capital expenditures, to repay existing indebtedness, and for other general corporate purposes of ATCO Electric Ltd. and ATCO Gas and Pipelines Ltd.
CU Inc. is a wholly owned subsidiary of Canadian Utilities Limited, part of the ATCO Group of Companies. An Alberta-based corporation with more than 5,300 employees and assets of approximately $13 billion, CU Inc. is 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.
B.R. (Brian) Bale
Senior Vice President & Chief Financial Officer