Alectra completes $200 million private placement of senior unsecured debentures

1 minute read
13 June 2024

On June 13, 2024, Alectra Inc. announced that it had closed its private placement offering of C$200 million aggregate principal amount of 4.627% Series 2024-1 senior unsecured debentures due June 13, 2034.

The debentures were offered in each of the provinces of Canada on a private placement basis through a syndicate of agents that was co-led by RBC Dominion Securities Inc. and CIBC World Markets Inc.

Serving more than one million homes and businesses in Ontario's Greater Golden Horseshoe area, Alectra Utilities is now the largest municipally-owned electric utility in Canada, based on the total number of customers served.

Gowling WLG advised the agents in this transaction with a team that included Bryce Kraeker, Radhika Vaidyanathan and Lee Sykes (corporate/securities) and Paul Carenza (tax).

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