DBRS rates AltaLink notes A

DBRS said it assigned a rating of A with a stable trend to AltaLink, LP’s issuance of C$350 million of 2.747% secured medium-term notes maturing May 29, 2026.

The notes settled on May 30.

The notes were issued pursuant to AltaLink’s C$2 billion short form base shelf prospectus dated June 23, 2015, and rank pari passu with all present and future senior secured debt of AltaLink, and have priority over all present and future unsecured indebtedness and all subordinated debt.

Proceeds will be used to repay AltaLink’s short-term debt, including debt outstanding under its commercial paper program.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.