Canadian Utilities Ltd. on June 4 registered up to C$2 billion of preferred shares and debt securities for potential sale during the 25-month period that the short-form base shelf prospectus remains effective.
On the same date, CU Inc. separately registered up to C$1.5 billion of unsecured debentures for potential sale during the 25-month period that the prospectus remains effective.
The debentures may be offered severally by BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., TD Securities Inc., Scotia Capital Inc., CIBC World Markets Inc. and MUFG Securities (Canada) Ltd. as exclusive agents of CU, subject to confirmation.
Both companies plan to add net proceeds to their general funds for use to finance capital expenditures, repay existing indebtedness and for other general corporate purposes.
Canadian Utilities and CU are ATCO Ltd. companies.
