Canadian Utilities Limited Announces Hybrid Note Issue

Executive Summary

• Canadian Utilities Limited announced the issuance of $750 million in 5.45% fixed-to-fixed rate subordinated notes due December 22, 2055.
• The offering is expected to close on or about September 22, 2025.
• Proceeds will be utilized for capital expenditures, repayment or refinancing of existing obligations, and other general corporate purposes.

Key Details

• Instrument: 5.45% fixed-to-fixed rate subordinated notes.
• Maturity Date: December 22, 2055.
• Total Amount: $750 million.
• Expected Closing Date: On or about September 22, 2025.
• Use of Proceeds: Capital expenditures, repayment or refinancing of existing obligations, and other general corporate purposes.
• Underwriters: RBC Capital Markets, BMO Capital Markets, TD Securities, Scotiabank, CIBC Capital Markets, ATB Capital Markets, and MUFG.