DBRS Assigns Rating of “A,” Stable, to Alectra Inc.’s Offering of Senior Unsecured Notes

DBRS Limited (DBRS) has today assigned a rating of “A” with a Stable trend to Alectra Inc.’s (Alectra or the Company) offering of $675 million 2.488% Series A Senior Unsecured Debentures (the Debentures), maturing on May 17, 2027. The transaction settled on May 17, 2017.

The Debentures are direct senior unsecured obligations of Alectra and rank equally with all of the Company’s other senior unsecured obligations. The net proceeds from the Debentures will be used to retire Alectra’s outstanding indebtedness under its term facility and a portion of the outstanding indebtedness under the Ontario Infrastructure Loan.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The principal methodology is Rating Companies in the Regulated Electric, Natural Gas and Water Utilities Industry (October 2016), which can be found on dbrs.com under Methodologies.

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