Hydro One Prices $1.2 Billion Medium-Term Note Offering
Ticker: HYNLY · Form: 6-K · Filed: Aug 16, 2024 · CIK: 1712356
| Field | Detail |
|---|---|
| Company | Hydro One Ltd (HYNLY) |
| Form Type | 6-K |
| Filed Date | Aug 16, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-offering, financing, medium-term-notes
TL;DR
Hydro One just sold $1.2B in long-term debt (5.15% coupon) maturing in 2054.
AI Summary
Hydro One Limited announced on August 15, 2024, that it priced an offering of $1.2 billion in medium-term notes. The notes are expected to mature on August 15, 2054, and will bear interest at a rate of 5.150% per annum. This offering is part of Hydro One's ongoing financing activities.
Why It Matters
This debt issuance provides Hydro One with significant capital, likely for infrastructure investments or refinancing existing debt, impacting its financial structure and future growth potential.
Risk Assessment
Risk Level: low — This is a routine debt issuance by a large, established utility company and does not indicate any unusual financial distress or significant new risks.
Key Numbers
- $1.2B — Medium-Term Notes Offering (Capital raised by Hydro One)
- 5.150% — Interest Rate (Cost of borrowing for the new notes)
- 2054 — Maturity Year (Long-term nature of the debt)
Key Players & Entities
- Hydro One Limited (company) — Registrant and issuer of notes
- $1.2 billion (dollar_amount) — Principal amount of medium-term notes offered
- August 15, 2024 (date) — Date of pricing and news release
- August 15, 2054 (date) — Maturity date of the medium-term notes
- 5.150% (dollar_amount) — Annual interest rate on the notes
- Cassidy McFarlane (person) — General Counsel signing the report
FAQ
What is the total principal amount of the medium-term notes Hydro One priced?
Hydro One priced an offering of $1.2 billion in medium-term notes.
When do these newly issued medium-term notes mature?
The notes are expected to mature on August 15, 2054.
What is the annual interest rate on the $1.2 billion in medium-term notes?
The notes will bear interest at a rate of 5.150% per annum.
What is the filing date of this Form 6-K?
This Form 6-K was filed on August 16, 2024.
What exhibit is attached to this filing?
Exhibit 99.1 is attached, which is a news release dated August 15, 2024, regarding the pricing of the offering.
Filing Stats: 144 words · 1 min read · ~1 pages · Grade level 13.5 · Accepted 2024-08-16 06:07:56
Filing Documents
- d843532d6k.htm (6-K) — 7KB
- d843532dex991.htm (EX-99.1) — 11KB
- 0001193125-24-201636.txt ( ) — 19KB
From the Filing
6-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 For the month of: August 2024 Commission File Number: 333-225519-01 HYDRO ONE LIMITED (Translation of Registrants name into English) 483 Bay Street, South Tower, 8th Floor, Toronto Ontario M5G 2P5 Canada (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-FForm 40-F SIGNATURE 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. HYDRO ONE LIMITED /s/ Cassidy McFarlane Name: Cassidy McFarlane Title: General Counsel Date: August 16, 2024 EXHIBIT INDEX 99.1 News release dated August 15, 2024