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A group of brokers, headed by Scotia Capital Inc., are involved in the private sale of $200 million worth of 4.763% senior unsecured debentures issued by FortisAlberta Inc., due for repayment in 2055.

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A group of brokers, headed by Scotia Capital Inc., are involved in the $200-million issuance of...
A group of brokers, headed by Scotia Capital Inc., are involved in the $200-million issuance of 4.763% senior unsecured debentures, scheduled to mature in 2055, as part of FortisAlberta Inc.'s private offering.

A group of brokers, headed by Scotia Capital Inc., are involved in the private sale of $200 million worth of 4.763% senior unsecured debentures issued by FortisAlberta Inc., due for repayment in 2055.

In a significant financial move, FortisAlberta Inc., one of Canada's leading energy companies, has announced a private placement offering of senior unsecured debentures. The offering, worth $200-million, is being led by Scotia Capital Inc., with Hoskin & Harcourt LLP providing legal advice to the syndicate of agents.

The private placement involves the issuance of 4.763% senior unsecured debentures, maturing in 2055. The debentures are being offered by FortisAlberta Inc., and the offering is being conducted by a syndicate of agents, with Scotia Capital Inc. being a part of this group.

The advisory team from Hoskin & Harcourt LLP, which includes Dan Shea, Jessica Myers, Josh Mamdani, Ana Cherniak-Kennedy, and Paulina Brittner, are lawyers within the Corporate department of the firm. Their role in the offering is to provide legal counsel to the syndicate of agents.

The credit rating assigned to the issuance has been confirmed by Morningstar DBRS, but no other participants in the offering have been identified in the available sources. Therefore, at this time, it appears that Scotia Capital Inc. is the only identified participant in the offering.

This private placement offering is another step in FortisAlberta Inc.'s ongoing efforts to strengthen its financial position and support its long-term growth strategies. The company has a strong reputation for delivering reliable energy solutions to its customers and this offering is expected to further bolster its financial resources.

As more information about the participants and details of the offering become available, it will be shared in due course. For now, this private placement offering by FortisAlberta Inc. marks an exciting development in the energy sector and the Canadian financial market.

The private placement offering is a significant move in the finance industry, specifically within the business and banking-and-insurance sectors, due to FortisAlberta Inc.'s decision to issue senior unsecured debentures worth $200-million. Scotia Capital Inc., a participant in the offering, will be leading the syndicate of agents overseeing the issue.

The syndicate, which includes Scotia Capital Inc., will receive legal advice from the Corporate department of Hoskin & Harcourt LLP, a law firm with expertise in the finance sector. Notable lawyers from the advisory team are Dan Shea, Jessica Myers, Josh Mamdani, Ana Cherniak-Kennedy, and Paulina Brittner.

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