Hydro One Prices $750M Medium-Term Notes Offering
Ticker: HYNLY · Form: 6-K · Filed: Dec 10, 2024 · CIK: 1712356
| Field | Detail |
|---|---|
| Company | Hydro One Ltd (HYNLY) |
| Form Type | 6-K |
| Filed Date | Dec 10, 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 $750M in debt due 2034 at 4.85%.
AI Summary
Hydro One Limited announced on December 9, 2024, the pricing of an offering of $750 million in medium-term notes. The notes will mature on December 15, 2034, and will bear interest at a rate of 4.850% per annum. The offering is expected to close on December 13, 2024.
Why It Matters
This debt issuance provides Hydro One with capital for its operations and potential future investments, impacting its financial structure and ability to fund infrastructure projects.
Risk Assessment
Risk Level: low — This filing is a standard debt offering announcement with no immediate negative implications for the company.
Key Numbers
- $750 million — Debt Offering (Amount of medium-term notes priced)
- 4.850% — Interest Rate (Coupon rate for the medium-term notes)
- 2034 — Maturity Year (Year the medium-term notes will mature)
Key Players & Entities
- Hydro One Limited (company) — Registrant
- $750 million (dollar_amount) — Amount of medium-term notes offering
- December 9, 2024 (date) — Date of news release
- December 15, 2034 (date) — Maturity date of notes
- 4.850% (dollar_amount) — Interest rate on notes
- December 13, 2024 (date) — Expected closing date of offering
- Cassidy McFarlane (person) — General Counsel signing the report
FAQ
What is the purpose of this $750 million debt offering?
The filing does not explicitly state the purpose of the debt offering, but it is a common method for companies to raise capital for operations, investments, or refinancing.
When will the $750 million in medium-term notes mature?
The medium-term notes are set to mature on December 15, 2034.
What is the interest rate on the new debt?
The notes will bear interest at a rate of 4.850% per annum.
Who signed this Form 6-K filing?
The filing was signed by Cassidy McFarlane, General Counsel for Hydro One Limited.
What is the expected closing date for this offering?
The offering is expected to close on December 13, 2024.
Filing Stats: 144 words · 1 min read · ~1 pages · Grade level 13.8 · Accepted 2024-12-10 06:11:56
Filing Documents
- d889070d6k.htm (6-K) — 7KB
- d889070dex991.htm (EX-99.1) — 11KB
- 0001193125-24-273905.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: December 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: December 10, 2024 EXHIBIT INDEX 99.1 News release dated December 9, 2024