Alectra completes $200 million private placement of senior unsecured debentures

On April 11, 2019, Alectra Inc. announced that it had closed its private placement offering of $200 million aggregate principal amount of 3.458% Series 2019-1 senior unsecured debentures due April 12, 2049. 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 TD Securities Inc. and CIBC World Markets Inc.

Alectra's family of energy companies distributes electricity to more than one million homes and businesses in Ontario's Greater Golden Horseshoe area and provides innovative energy solutions to these and thousands more province-wide. These companies include Alectra Inc., Alectra Utilities Corporation and Alectra Energy Solutions Inc.

Gowling WLG advised the agents with a team that included Bryce Kraeker and Duncan Snyder (corporate/securities) and Ian Mondrow (energy/regulatory), assisted by student-at-law Tristan Neil.