By Cristal Cody
Tupelo, Miss., June 25 – AltaLink, LP announced on Thursday that it sold C$350 million of 4.09% 30-year medium-term notes.
The series 2015-1 notes (/A-/DBRS: A) are due June 30, 2045.
Scotia Capital Inc., RBC Dominion Securities Inc. and BMO Nesbitt Burns Inc. were the bookrunners.
The proceeds from the deal will be used to repay a portion of AltaLink’s short-term debt, including debt outstanding under its commercial paper program.
Calgary, Alta.-based electricity transmission provider AltaLink is a subsidiary of Berkshire Hathaway Energy Co.
| Issuer: | AltaLink, LP
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| Amount: | C$350 million
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| Maturity: | June 30, 2045
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| Securities: | Medium-term notes
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| Bookrunners: | Scotia Capital Inc., RBC Dominion Securities Inc. and BMO Nesbitt Burns Inc.
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| Co-managers: | National Bank Financial Inc., TD Securities Inc. and Casgrain & Co. Ltd.
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| Coupon: | 4.09%
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| Pricing date: | June 25
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| Settlement date: | June 30
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| Ratings: | Standard & Poor’s: A-
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| DBRS: A
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| Distribution: | Canada
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