On September 17, 2021, Hydro One Inc. completed its offering of $900 million Medium Term Notes consisting of $450 million of 2.23% Medium Term Notes and $450 million of 3.10% Medium Term Notes. The offering was made through a syndicate of agents with National Bank Financial Inc., Scotia Capital Inc., and TD Securities Inc. acting as bookrunners. The proceeds from the offering will be used to pay maturing debt and for general corporate purposes.
Hydro One Inc. is Ontario’s largest electricity transmission and distribution provider with approximately 1.4 million valued customers and approximately $30.3 billion in assets as at December 31, 2020.
Osler, Hoskin & Harcourt LLP advised Hydro One Inc. with a team consisting of Michael Innes, Rosalind Hunter, Amelia Miao and Desmond Christy (Corporate).