10:57 AM EDT, 09/09/2024 (MT Newswires) -- Fortis ( FTS ) said Monday it has closed its private placement offering of $500 million of 4.171% senior unsecured notes due September 9, 2031. Proceeds will be used to partially repay borrowings under Fortis' ( FTS ) non-revolving term credit facility, to repay maturing long-term notes and for general corporate purposes.

Fortis ( FTS ) was last seen up $0.54, to $61.06, on the Toronto Stock Exchange, leaving it shy of 52 week highs.

Price: 61.06, Change: +0.54, Percent Change: +0.89