TriSummit Utilities Inc.

Recent News

  • TriSummit Utilities Inc. Closes $100 Million Medium-Term Note Offering

    Calgary, Alberta--(Newsfile Corp. - April 7, 2020) - TriSummit Utilities Inc. ("TSU") announced that it has completed its $100 million issuance of senior unsecured medium-term notes (the "Offering"). The notes carry a coupon rate of 3.13% and mature on April 7, 2027.The net proceeds resulting from the Offering will be used (i) as to approximately $96 million, to repay amounts outstanding under TSU's syndicated revolving credit facility, and (ii) as to the remainder, for general corporate purposes.The Offering was made...

    2020-04-07 8:58 AM ET
  • TriSummit Utilities Inc. Announces $100 Million Medium-Term Note Offering

    Calgary, Alberta--(Newsfile Corp. - April 3, 2020) - TriSummit Utilities Inc. ("TSU") announced that it has agreed to issue $100 million of senior unsecured medium-term notes (the "Offering"). The notes carry a coupon rate of 3.13% and mature on April 7, 2027.The Offering is expected to close on or about April 7, 2020. The net proceeds resulting from the Offering will be used (i) as to approximately $96 million, to repay amounts outstanding under TSU's syndicated revolving credit facility,...

    2020-04-03 5:10 PM ET
  • PSP Investments and ATRF Complete Acquisition of AltaGas Canada Inc.

    Calgary and Edmonton, Alberta, and Montreal, Quebec--(Newsfile Corp. - March 31, 2020) - AltaGas Canada Inc. (TSX: ACI) ("ACI"), the Public Sector Pension Investment Board ("PSP Investments") and the Alberta Teachers' Retirement Fund Board ("ATRF") are pleased to announce the completion today of the acquisition of all of the 30,000,000 common shares of ACI ("Common Shares") by PSPIB Cycle Investments Inc. (the "Purchaser"), a wholly-owned subsidiary of TriSummit Cycle Holding Inc. ("Holdco"), in an all-cash transaction pursuant to a plan...

    2020-03-31 9:39 AM ET
  • AltaGas Canada Inc. Receives All Approvals for the Arrangement Involving PSP Investments And ATRF

    Calgary and Edmonton, Alberta, and Montreal, Quebec--(Newsfile Corp. - March 25, 2020) - AltaGas Canada Inc. (TSX: ACI) ("ACI"), Public Sector Pension Investment Board ("PSP Investments") and the Alberta Teachers' Retirement Fund Board ("ATRF") announced today that approval has been received from the Alberta Utilities Commission and the British Columbia Utilities Commission with respect to the previously announced arrangement of ACI (the "Arrangement"), whereby all of the issued and outstanding common shares of ACI ("Common Shares") will be acquired for...

    2020-03-25 6:00 AM ET
  • AltaGas Canada Inc. Delivers Solid Full-Year Financial Results with Strong Earnings Growth from Both Utilities and Renewables

    Calgary, Alberta--(Newsfile Corp. - March 5, 2020) - AltaGas Canada Inc. (TSX: ACI) ("ACI") today announced its fourth quarter and full year 2019 financial results.Highlights:Achieved normalized net income1 of $45.3 million ($1.51 per share) for 2019, an increase of approximately 12 percent over 2018 adjusted normalized net income of $40.5 million ($1.35 per share)2;Delivered five percent growth in combined utilities rate base, which increased to $941 million at year end 2019 compared to $895 million at the end...

    2020-03-05 8:45 AM ET
  • AltaGas Canada Inc. to Release Fourth Quarter and Full Year 2019 Results Thursday, March 5, 2020

    Calgary, Alberta--(Newsfile Corp. - February 13, 2020) - AltaGas Canada Inc. (TSX: ACI) ("ACI") will release its fourth quarter and year-end 2019 financial results on Thursday, March 5, 2020 before market open. ACI's Management's Discussion & Analysis as well as Financial Statements will be posted on www.altagascanada.ca.About ACIACI is a Canadian company with natural gas distribution utilities and renewable power generation assets. ACI serves approximately 130,000 customers, delivering low carbon energy, safely and reliably. For more information visit: www.altagascanada.ca.For...

    2020-02-13 1:17 PM ET
  • AltaGas Canada Inc. Shareholders Approve Arrangement Involving PSP Investments and ATRF

    Calgary and Edmonton, Alberta and Montreal, Quebec--(Newsfile Corp. - December 19, 2019) - AltaGas Canada Inc. (TSX: ACI) ("ACI"), and a consortium formed by the Public Sector Pension Investment Board ("PSP Investments") and the Alberta Teachers' Retirement Fund Board ("ATRF" and together with PSP Investments, the "Consortium") announced today that the holders of common shares of ACI ("Common Shares") have approved the previously announced arrangement (the "Arrangement").Pursuant to the Arrangement, the Consortium will indirectly acquire through PSPIB Cycle Investments Inc....

    2019-12-19 2:42 PM ET
  • AltaGas Canada Inc. Announces Strong Third Quarter 2019 Results

    Calgary, Alberta--(Newsfile Corp. - November 7, 2019) - AltaGas Canada Inc. (TSX: ACI) ("ACI") today announced its third quarter 2019 financial results.Highlights:Achieved normalized net income1 of $2.4 million ($0.08 per share) for the third quarter of 2019 compared to an adjusted normalized net loss2 of $1.3 million ($0.04 per share) in the third quarter of 2018;Achieved net income after tax of $2.8 million ($0.09 per share) for the third quarter of 2019 compared to $0.5 million ($0.02 per share)...

    2019-11-07 8:45 AM ET