Canadian Utilities Limited completed a public offering of 6,000,000 4.90 per cent Cumulative Redeemable Second Preferred Shares Series BB at a price of $25.00 per share for aggregate gross proceeds of $150,000,000. The offering was completed through a syndicate of underwriters co-led by RBC Capital Markets and BMO Capital Markets and including TD Securities Inc. and Scotiabank.
Alberta-based Canadian Utilities Limited, an ATCO company, with more than 6,700 employees and assets of approximately $12 billion, delivers service excellence and innovative business solutions worldwide with leading companies engaged in Utilities (pipelines, natural gas and electricity trans-mission and distribution), Energy (power generation, natural gas gathering, processing, storage and liquids extraction) and Technologies (business systems solutions).
Canadian Utilities Limited was represented by Bennett Jones LLP with a team led by Will Osler and including Kahlan Mills and Amanda Coen.
The underwriting syndicate was represented by Blake, Cassels & Graydon LLP with a team led by Pat Finnerty, and that included Melissa Cook and Chris Salamon.