Fortis Inc. Files 6-K, Details C$500M Note Issuance
Ticker: FTPSF · Form: 6-K · Filed: Feb 7, 2025 · CIK: 1666175
| Field | Detail |
|---|---|
| Company | Fortis Inc. (FTPSF) |
| Form Type | 6-K |
| Filed Date | Feb 7, 2025 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $500,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-filing, notes-issuance, foreign-private-issuer
TL;DR
Fortis Inc. filed a 6-K, showing they issued C$500M in notes back in 2021.
AI Summary
Fortis Inc. filed a Form 6-K on February 7, 2025, to report on its ongoing activities. The filing includes several exhibits, notably supplemental indentures related to its debt. Specifically, a Second Supplemental Indenture dated May 14, 2021, details the issuance of C$500,000,000 in 2.18% senior unsecured notes due 2028.
Why It Matters
This filing provides an update on Fortis Inc.'s financial instruments, specifically its debt issuances, which can impact its capital structure and borrowing costs.
Risk Assessment
Risk Level: low — The filing is a routine report of foreign private issuer activities and does not contain new material events or significant financial changes.
Key Numbers
- C$500,000,000 — Senior Unsecured Notes (Issued under a Second Supplemental Indenture dated May 14, 2021.)
- 2.18% — Interest Rate (Coupon rate for the senior unsecured notes due 2028.)
Key Players & Entities
- Fortis Inc. (company) — Filer of the report
- Computershare Trust Company of Canada (company) — Trustee for indentures
- C$500,000,000 (dollar_amount) — Principal amount of senior unsecured notes
- 2028 (date) — Maturity year of senior unsecured notes
- February 7, 2025 (date) — Filing date of the 6-K
FAQ
What is the purpose of this Form 6-K filing by Fortis Inc.?
The Form 6-K is a report of a foreign private issuer filed to provide information that Fortis Inc. has made or will make public, file or submit to its home country securities regulatory authorities, or send or give to its security holders.
What specific debt issuance is detailed in Exhibit 99.2?
Exhibit 99.2 is a Second Supplemental Indenture dated May 14, 2021, providing for the issuance of C$500,000,000 in 2.18% senior unsecured notes due 2028.
Who is the trustee for the indentures mentioned in the filing?
Computershare Trust Company of Canada is the trustee for the Indenture dated December 12, 2016, and the Second Supplemental Indenture dated May 14, 2021.
When was the original Indenture dated?
The original Indenture was dated December 12, 2016.
What is the maturity date of the notes issued under the Second Supplemental Indenture?
The senior unsecured notes issued under the Second Supplemental Indenture are due in 2028.
Filing Stats: 299 words · 1 min read · ~1 pages · Grade level 9.1 · Accepted 2025-02-07 16:05:26
Key Financial Figures
- $500,000,000 — f Canada providing for the issuance of C$500,000,000 in 2.18% senior unsecured notes due 202
Filing Documents
- tm255820d1_6k.htm (6-K) — 15KB
- tm255820d1_ex99-1.htm (EX-99.1) — 506KB
- tm255820d1_ex99-2.htm (EX-99.2) — 81KB
- tm255820d1_ex99-3.htm (EX-99.3) — 81KB
- tm255820d1_ex99-4.htm (EX-99.4) — 84KB
- tm255820d1_ex99-5.htm (EX-99.5) — 86KB
- 0001104659-25-010530.txt ( ) — 853KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. FORTIS INC. Date: February 7, 2025 By: (signed) “ James R. Reid ” Name: James R. Reid Title: Executive Vice President, Sustainability and Chief Legal Officer