By Jennifer Chiou
New York, July 9 - AltaLink, LP agreed to price C$250 million of 4.446% series 2013-1 medium-term notes due July 11, 2053, according to a press release.
The notes will be issued under the company's $2.5 billion medium-term notes program in an agency deal with RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., National Bank Financial Inc., TD Securities Inc., and Casgrain & Co. Ltd.
Settlement is set for July 12.
The notes are secured by a first floating charge security interest in the present and future property and assets of AltaLink.
Proceeds will be used to repay outstanding commercial paper.
Calgary, Alta.-based AltaLink is an electric power transmission company.
| Issuer: | AltaLink, LP
|
| Amount: | C$250 million
|
| Maturity: | July 11, 2053
|
| Securities: | Series 2013-1 medium-term notes
|
| Agents: | RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., National Bank Financial Inc., TD Securities Inc., and Casgrain & Co. Ltd
|
| Coupon: | 4.446%
|
| Annonucement date: | July 9
|
| Settlement date: | July 12
|
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