Fortis prices USD 1 billion fixed-to-fixed rate junior subordinated notes offering
FTS•Fortis prices US$1 billion junior subordinated notes
- Fortis priced a US$1 billion public offering of fixed-to-fixed rate junior subordinated notes due March 30, 2057.
- Issuance split between US$500 million 6.625% notes and US$500 million 6.875% notes.
- Closing is expected Sept. 21, 2026, subject to customary conditions.
- Net proceeds are earmarked for repayment of maturing debt and general corporate purposes.
