Fortis’s C$690 Million Public Offering


Paul, Weiss advised the underwriters, led by Scotia Capital Inc., CIBC Capital Markets and RBC Capital Markets on the deal.

Fortis Inc. completed a public offering of common shares in the United States and Canada. Gross proceeds of the offering were approximately C$690 million.

Fortis is a leader in the North American regulated electric and gas utility industry, serving utility consumers in nine U.S. states, five Canadian provinces and three Caribbean countries.

The Paul, Weiss team included corporate partner Christopher Cummings (Picture) and counsel Stephen Centa; tax partner David Mayo; and environmental counsel William O’Brien.

Involved fees earner: Stephen Centa – Paul Weiss Rifkind Wharton & Garrison; Christopher Cummings – Paul Weiss Rifkind Wharton & Garrison; David Mayo – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: CIBC World Markets Corp.; RBC Capital Markets; Scotia Capital Inc.;

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Author: Ambrogio Visconti