DBRS Comments on Alectra Inc.’s Proposed Offering of Senior Unsecured Notes

DBRS Limited (DBRS) has assigned a provisional rating of “A” with a Stable trend to Alectra Inc.’s (rated “A” with a Stable trend by DBRS) proposed private placement offering of Series A Senior Unsecured Notes. The net proceeds of the offering will be used to retire outstanding indebtedness under the acquisition bridge facility and to refinance an Infrastructure Ontario loan, with the balance being used for general corporate purposes. The assignment of a finalized rating is subject to DBRS’s receipt of final documentation that is consistent with that which DBRS has already reviewed.

Notes:
The principal methodology is Rating Companies in the Regulated Electric, Natural Gas and Water Utilities Industry, which can be found on dbrs.com under Methodologies.

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