AltaLink

The Syndicate of Dealers in AltaLink’s $225 million notes offering

Client

The Syndicate of Dealers

Value

$225 million

Service

Capital Markets

Date Closed

September 2020

Industry

Energy (Electrical Power)

Lead Office

Toronto


 

On September 11, 2020,  AltaLink issued $225 million of 1.509% Senior Secured Notes due 2030 on a private placement basis, with a syndicate led by Scotia Capital Inc., RBC Dominion Securities Inc. and BMO Nesbitt Burns Inc. The proceeds from the offering will be used to repay $125 million of 3.621% Series 2013-2 Medium Term Notes due September 2020 and will also be used to repay AltaLink’s short term debt, including outstanding debt under its Commercial Paper Program and for general corporate purposes.  

AltaLink is Alberta’s largest electricity transmission provider specializing in providing innovative solutions to meet the province’s demand for reliable and affordable energy. As a subsidiary of Berkshire Hathaway Energy, AltaLink is part of a global group of companies focused on delivering energy services to customers worldwide.

Osler, Hoskin & Harcourt LLP advised the syndicate of dealers with a team consisting of John Macfarlane, Sandra Malcolm, Kelsey Armstrong, Peter Osmond and William Heisey (Corporate).


Team
John  Macfarlane
Key Contact

John Macfarlane

Partner, Corporate

Sandra Malcolm

Sandra Malcolm

Associate, Corporate

Kelsey  Armstrong

Kelsey Armstrong

Associate, Corporate

Peter Osmond

Peter Osmond

Associate, Corporate

William Heisey

William Heisey

Associate, Corporate