On August 9, 2017, Hydro One Limited (“Hydro One”) announced that its direct wholly-owned subsidiary, 2582764 Ontario Inc., completed its agreement to sell to a syndicate of underwriters (the “Underwriters”) $1.4 billion aggregate principal amount of 4.00% convertible unsecured subordinated debentures of Hydro One on a bought deal basis (the “Offering”). The Underwriters were co-led by RBC Capital Markets, CIBC Capital Markets, and BMO Capital Markets.
Hydro One is Ontario’s largest electricity transmission and distribution company, with distribution covering approximately 75% of the province. It is headquartered in Toronto, Ontario.
Osler Hoskin & Harcourt LLP acted as counsel to the issuer with a team consisting of Steven Smith, Michael Innes, Rosalind Hunter, James Brown, Jay Greenspoon, Lauren Lefcoe, Blake Binions, Arielle Kaplan, (Corporate), Firoz Ahmed, Drew Morier and David Davachi (Tax).
Team
Associate, Corporate, Toronto
Partner, Corporate, Toronto
Partner, Corporate, Toronto
Partner, Chair: Corporate, Toronto
Partner, Tax, Toronto
Partner, Tax, Toronto
