Financing ·
Fortis Inc. filed an underwriting agreement to sell US$500,000,000 principal amount of fixed-to-fixed rate junior…
FRTSFFortis Inc.
Fortis Inc. filed an underwriting agreement to sell US$500,000,000 principal amount of fixed-to-fixed rate junior subordinated notes due in 2057. The offering consists of two tranches: US$500,000,000 of 6.625% notes (NC5 Notes) and US$500,000,000 of 6.875% notes (NC10 Notes). Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., Wells Fargo Securities, LLC, and BofA Securities, Inc. are acting as representatives for the underwriters. The securities will be issued pursuant to supplemental indentures dated September 9, 2026, with a closing date of September 21, 2026. Fortis Inc. operates in the regulated electric and gas utility industry.