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Hydro One Inc. Prices Offering of $1.1 Billion Medium Term Notes under Sustainable Financing Framework
Hydro One Inc. Prices Offering of $1.1 Billion Medium Term Notes under Sustainable Financing Fram...
About this update from Hydro One Limited
[{"type":"text","content":"\n\n\n\n Hydro One Inc. Prices Offering of $1.1 Billion Medium Term Notes under Sustainable Financing Framework\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n Aug. 20, 2025\n \n\n /CNW/ - Hydro One Limited,\n \n Ontario's\n \n largest electricity transmission and distribution company, today announced that its wholly-owned subsidiary, Hydro One Inc. (together with Hydro One Limited, \"\n \n Hydro One\n \n \"), has priced an offering of\n \n $1.1 billion\n \n of Medium Term Notes (the \"\n \n Notes\n \n \") consisting of\n \n $450 million\n \n aggregate principal amount of 3.94% Medium Term Notes, Series 61, due 2032 (the \"\n \n Series 61 Notes\n \n \"),\n \n $300 million\n \n aggregate principal amount of 4.30% Medium Term Notes, Series 62, due 2035 (the \"\n \n Series 62 Notes\n \n \") and\n \n $350 million\n \n aggregate principal amount of 4.95% Medium Term Notes, Series 63, due 2055 (the \"\n \n Series 63 Notes\n \n \"). The Series 61 Notes will be issued at a price of\n \n $99.988\n \n per\n \n $100.00\n \n principal amount, the Series 62 Notes will be issued at a price of\n \n $99.928\n \n per\n \n $100.00\n \n principal amount, and the Series 63 Notes will be issued at a price of\n \n $99.907\n \n per\n \n $100.00\n \n principal amount. The net proceeds from the issuance of the Notes will be approximately\n \n $1.1 billion\n \n . The offering of the Notes is expected to close on\n \n August 25, 2025\n \n .\n \n\n The offering of Notes represents the issuance of medium term notes pursuant to Hydro One's Sustainable Financing Framework dated\n \n August 13, 2024\n \n (the \"\n \n 2024 Framework\n \n \"). Hydro One Inc. intends to allocate an amount equal to the net proceeds from the sale of the Notes to finance and/or refinance, in whole or in part, new and/or existing eligible green projects that meet the eligibility criteria described in the 2024 Framework. Prior to such allocation, the net proceeds from the issuance of the Notes may be initially used, in part or in full, for repayment of indebtedness o...