Fortis Inc. Announces C$1.1 Billion Offering of Common Shares Comprised of C$600 Million Bought Deal and Concurrent C$500 Million Offering to Institutional Investor
Fortis Inc. Common Shares (FTS)
Last fortis inc. common shares earnings: 2/13 06:00 am
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US:NYSE Investor Relations:
fortisinc.com/investor-relations/investor-relations
Company Research
Source: GlobeNewswire
ST. JOHN'S, Newfoundland, Nov. 25, 2019 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE:FTS) announced today that it has entered into an agreement with a syndicate of underwriters led by Scotia Capital Inc., CIBC Capital Markets and RBC Capital Markets (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase from Fortis, on a "bought deal" basis, and sell to the public, 11,510,000 common shares of Fortis (the "Common Shares") at a price of C$52.15 per Common Share, resulting in gross proceeds for Fortis of C$600 million (the "Bought Deal"). Fortis has granted the Underwriters the option to purchase up to an additional 1,726,500 Common Shares to cover over-allotments, if any, and for market stabilization purposes, exercisable during the 30 days following the closing of the Bought Deal (the "Over-Allotment Option"). If the Over-Allotment Option is exercised in full, the Bought Deal will result in gross proceeds for Forti
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Sec Filings
- 11/5/24 - Form 6-K
- 11/5/24 - Form 6-K
- 10/10/24 - Form SC
- FTS's page on the SEC website