TriSummit Utilities Inc. Closes $350 Million Medium-Term Note Offering
Calgary, Alberta--(Newsfile Corp. - November 14, 2025) - TriSummit Utilities Inc. ("TSU") announced that it has completed its $350 million issuance of senior unsecured medium-term notes (the "Offering"). The Offering is comprised of $175 million of notes carrying a coupon rate of 3.71% and maturing on February 14, 2031, and $175 million of notes carrying a coupon rate of 4.40% and maturing on November 14, 2035.Net proceeds from the Offering will be used to repay amounts outstanding under...
2025-11-14 10:51 AM EST
TriSummit Utilities Inc. Announces $350 Million Medium-Term Note Offering
Calgary, Alberta--(Newsfile Corp. - November 12, 2025) - TriSummit Utilities Inc. ("TSU") announced today that it has agreed to issue $350 million of senior unsecured medium-term notes comprised of $175 million of notes carrying a coupon rate of 3.71% and maturing February 14, 2031 and $175 million of notes carrying a coupon rate of 4.40% and maturing on November 14, 2035 (collectively, the "Offering").The Offering is expected to close on or about November 14, 2025. The net proceeds resulting...
2025-11-12 6:50 PM EST
TriSummit Utilities Announces Appointment of Shaun Toivanen as President and CEO
Calgary, Alberta--(Newsfile Corp. - October 31, 2025) - TriSummit Utilities Inc. (the "Company" or "TSU") announced the appointment of Shaun Toivanen as President and Chief Executive Officer (CEO), effective November 1, 2025. Shaun has also been appointed to the Company's Board of Directors. Shaun succeeds Jared Green, who has stepped down from his role as President and CEO and as a director, after successfully leading the Company since its initial public offering in 2018. Shaun will continue...
2025-10-31 8:07 AM EDT
TriSummit Utilities Inc. Closes $150 Million Medium-Term Note Offering
Calgary, Alberta--(Newsfile Corp. - April 24, 2025) - TriSummit Utilities Inc. ("TSU") announced that it has completed its $150 million issuance of senior unsecured medium-term notes (the "Offering"). The notes carry a coupon rate of 4.48% and mature on April 24, 2032.Net proceeds from the Offering will be used (i) as to approximately $130 million, to repay amounts outstanding under TSU's Canadian syndicated revolving credit facility and Canadian operating credit facility, which amounts were...
2025-04-24 10:46 AM EDT
TriSummit Utilities Inc. Announces $150 Million Medium-Term Note Offering
Calgary, Alberta--(Newsfile Corp. - April 22, 2025) - TriSummit Utilities Inc. ("TSU") announced today that it has agreed to issue $150 million of senior unsecured medium-term notes (the "Offering"). The notes carry a coupon rate of 4.48% and mature on April 24, 2032.The Offering is expected to close on or about April 24, 2025. The net proceeds resulting from the Offering will be used (i) as to approximately $130 million, to repay amounts outstanding under TSU's Canadian syndicated revolving...
2025-04-22 3:17 PM EDT
TriSummit Utilities Inc. Announces Closing of the Acquisition of Alaska Utilities Business and Related Notes Financing
Calgary, Alberta--(Newsfile Corp. - March 1, 2023) - TriSummit Utilities Inc. ("TriSummit" or "TSU") is pleased to announce today that it has successfully closed its acquisition (the "Transaction") of the Alaska gas distribution, transmission, and storage assets of SEMCO Energy, Inc., a subsidiary of AltaGas Ltd. (TSX: ALA) for approximately C$1.1 billion (US$800 million). The Transaction enhances TriSummit's position as a growing North American utility and renewable energy company,...
2023-03-01 10:11 AM EST
TriSummit Utilities Inc. Closes $200 Million Medium-Term Note Offering
Calgary, Alberta--(Newsfile Corp. - January 11, 2023) - TriSummit Utilities Inc. ("TSU") announced that it has completed its $200 million issuance of senior unsecured medium-term notes (the "Offering"). The notes carry a coupon rate of 5.02% and mature on January 11, 2030.The net proceeds resulting from the Offering will be used (i) as to approximately $135 million, to partially finance the acquisition by a subsidiary of TSU of ENSTAR Natural Gas Company, the Alaska Pipeline Company, the...
2023-01-11 8:55 AM EST
TriSummit Utilities Inc. Announces $200 Million Medium-Term Note Offering
Calgary, Alberta--(Newsfile Corp. - January 9, 2023) - TriSummit Utilities Inc. ("TSU") announced that it has agreed to issue $200 million of senior unsecured medium-term notes (the "Offering"). The notes carry a coupon rate of 5.02% and mature on January 11, 2030.The Offering is expected to close on or about January 11, 2023. The net proceeds resulting from the Offering will be used (i) as to approximately $135 million, to partially finance the acquisition by a subsidiary of TSU of...
2023-01-09 7:05 PM EST
TriSummit Utilities Inc. Announces US$165 Million Senior Unsecured Notes Offering by Alaska Utility Holdings Inc. and New US Credit Facility
Calgary, Alberta--(Newsfile Corp. - December 22, 2022) - TriSummit Utilities Inc. ("TSU") announced that its wholly-owned indirect United States subsidiary, Alaska Utility Holdings Inc. ("AUHI") has entered into a note purchase agreement with institutional investors to issue, on a private placement basis, series A senior unsecured notes in the aggregate principal amount of US$50 million that carry a coupon rate of 5.34% and mature on December 15, 2027, series B senior unsecured notes in the...
2022-12-22 5:15 PM EST
TriSummit Utilities Inc. Receives Regulatory Commission of Alaska Approval for Acquisition of Alaska Utilities Business
Calgary, Alberta--(Newsfile Corp. - December 22, 2022) - TriSummit Utilities Inc. ("TSU") announced that the Regulatory Commission of Alaska (the "RCA") approved the joint application of its wholly-owned United States subsidiary, Alaska Utility Holdings Inc. ("AUHI"), and SEMCO Energy, Inc. ("SEMCO"), a wholly-owned United States subsidiary of AltaGas Ltd., for AUHI to acquire (the "Acquisition") ENSTAR Natural Gas Company, the Alaska Pipeline Company, the Norstar Pipeline Company and a 65...
2022-12-22 9:02 AM EST
TriSummit Utilities Inc. Closes $100 Million Medium-Term Note Offering
Calgary, Alberta--(Newsfile Corp. - August 15, 2022) - 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 5.28% and mature on August 15, 2052.The net proceeds resulting from the Offering will be used (i) as to approximately $98 million, to repay amounts outstanding under TSU's syndicated revolving credit facility and associated operating credit facility, and (ii) as...
2022-08-15 8:51 AM EDT
TriSummit Utilities Inc. Announces $100 Million Medium-Term Note Offering
Calgary, Alberta--(Newsfile Corp. - August 11, 2022) - 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 5.28% and mature on August 15, 2052.The Offering is expected to close on or about August 15, 2022. The net proceeds resulting from the Offering will be used (i) as to approximately $98 million, to repay amounts outstanding under TSU's syndicated revolving credit...
2022-08-11 4:19 PM EDT
TriSummit to Acquire Utilities in Alaska for Approximately C$1 Billion (US$800 Million)
Highlights:Significantly enhances TriSummit's position as a premier growing North American utility and renewable energy company with ENSTAR being TriSummit's first move into the United States;ENSTAR will continue to operate as a standalone utility headquartered in Anchorage, Alaska, preserving its corporate identity and providing the same safe, reliable and affordable service to its customers;TriSummit intends to retain all of ENSTAR's dedicated employees and hire new Alaska employees to...
2022-05-26 7:30 AM EDT
TriSummit Utilities Invests in NGIF Cleantech Ventures to Help Achieve Its Commitment to Net Zero Emissions in 2030
Calgary, Alberta--(Newsfile Corp. - April 20, 2022) - TriSummit Utilities Inc. ("TriSummit" or "TSU"), a Calgary-based owner and operator of natural gas utilities and renewable power assets, today announced an investment in NGIF Cleantech Ventures (the "Fund"). TriSummit joins a consortium of strategic limited partners who are involved in various stages of the natural gas value chain and have also invested in NGIF Cleantech Ventures.This strategic investment will allow TriSummit to preview...
2022-04-20 10:00 AM EDT
TriSummit Utilities Inc. Releases Inaugural ESG Report and Announces Its Commitment to Reduce GHG Emissions from Its Operations
Calgary, Alberta--(Newsfile Corp. - November 24, 2021) - TriSummit Utilities Inc. ("TriSummit or TSU") announced today that it has published its 2021 Environmental, Social, and Governance Report, in conjunction with TSU's commitment to reduce GHG emissions from its operations to Net-Zero by 2030. TSU is committed to helping Canada and the world transition to a low-carbon energy system."At TriSummit, we are committed to our people, our customers, our communities, indigenous relations and the...
2021-11-24 8:57 AM EST
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...
2020-04-07 8:58 AM EDT
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 EDT
PSP Investments and ATRF Complete Acquisition of AltaGas Canada Inc.
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...
2020-03-31 9:39 AM EDT
AltaGas Canada Inc. Receives All Approvals for the Arrangement Involving PSP Investments And ATRF
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...
2020-03-25 6:00 AM EDT
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...
2020-03-05 7:45 AM EST