DBRS Assigns Rating of BBB (high) to Liberty Utilities $125 Million Series C Senior Notes

DBRS has today assigned a rating of BBB (high), with a Stable trend, to the $125 million Series C Senior Notes issued by Liberty Utilities Finance GP 1 and guaranteed by Liberty Utilities Co. Proceeds from this private placement issue will be mostly used for the repayment of the $100 million Term Loan Facility and exiting bank indebtedness.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

The applicable methodology is Rating Companies in the North American Energy Utilities (Electric and Natural Gas) Industry, which can be found on our website under Methodologies.