07:11 AM EST, 11/19/2025 (MT Newswires) -- Hydro One Limited ( HRNNF ) , Ontario's largest electricity transmission and distribution company, announced overnight Tuesday that its wholly-owned unit, Hydro One ( HRNNF ), priced an offering of $1.6 billion of "Medium Term Notes" consisting of $1.2 billion of 3.90% Medium Term Notes, Series 64, due 2033 and $400 million of 4.80% Medium Term Notes, Series 65, due 2056.

The company said the Series 64 Notes will be issued at $99.939 per $100.00 principal amount and the Series 65 Notes will be issued at $99.888 per $100.00 principal amount. It said the offering of notes represents the issuance of medium term notes pursuant to Hydro One's ( HRNNF ) Sustainable Financing Framework dated Aug. 13, 2024.

Proceeds from the issuance of the notes of about $1.59 billion, may initially be used for repayment of indebtedness or investments in bank deposits or other cash equivalents, in each case in accordance with Hydro One's ( HRNNF ) internal liquidity management policies. Closing of the offering of the notes is expected on Nov. 21, 2025.

Shares of the company closed down 0.7% to $53.80 on Tuesday on the Toronto Stock Exchange.