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Hydro One Prices Inaugural Offering of Senior Notes Worth US$1.0 Billion

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Hydro One's (H.TO) subsidiary Hydro One Inc. has priced an inaugural offering of US$1.0 billion of 4.750% senior notes due May 30, 2031, the company said late on Wednesday.

The offering is scheduled to close on or about May 26, subject to customary closing conditions.

Net proceeds will be used to repay certain maturing long-term debt and short-term indebtedness, including commercial paper, and for other general corporate purposes.

The joint book-running managers for the offering are Barclays Capital, Mizuho Securities USA and RBC Capital Markets.

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