Fortis Inc. Announces Closing of Offering of Fixed-To-Fixed Rate Subordinated Notes
1. Fortis Inc. raised $750 million through subordinated notes offering. 2. The notes yield 5.100% and mature in December 2055. 3. Fortis reported $12 billion revenue and $73 billion assets in June 2025. 4. The offering targeted Canadian investors, exempt from U.S. registration. 5. Fortis serves customers across five Canadian provinces and ten U.S. states.