Latest news with #ATCOLtd
Cision Canada
22-05-2025
- Business
- Cision Canada
ATCO LTD. ANNOUNCES SENIOR UNSECURED NOTES ISSUE
CALGARY, AB, May 22, 2025 /CNW/ - ATCO Ltd. (TSX: ACO.X) (TSX: ACO.Y) ATCO Ltd. announced today that it will issue $250,000,000 of 3.878% Senior Unsecured Notes maturing on May 27, 2030, at a price of $100.00 to yield 3.878%. This issue was sold by BMO Capital Markets, RBC Capital Markets, TD Securities, Scotiabank, CIBC Capital Markets, ATB Capital Markets and MUFG. Proceeds from the issue will be used to repay existing indebtedness and for other general corporate purposes. View PDF As a global enterprise ATCO Ltd. and its subsidiary and affiliate companies have approximately 21,000 employees and assets of $27 billion. ATCO is committed to future prosperity by working to meet the world's essential energy, housing, security and transportation challenges. ATCO Structures designs, builds and delivers products to service the essential need for housing and shelter around the globe. ATCO Frontec provides operational support services to government, defence and commercial clients. ATCO Energy Systems delivers essential energy for an evolving world through its electricity and natural gas transmission and distribution, and international electricity operations. ATCO EnPower creates sustainable energy solutions in the areas of electricity generation, energy storage, industrial water and cleaner fuels. ATCO Australia develops, builds, owns and operates energy and infrastructure assets. ATCO Energy provides retail electricity and natural gas services, home maintenance services and professional home advice that bring exceptional comfort, peace of mind and freedom to homeowners and customers. ATCO also has investments in ports and transportation logistics, the processing and marketing of ash, retail food services and commercial real estate. More information can be found at . Investor & Analyst Inquiries: Colin Jackson Senior Vice President, Financial Operations [email protected] (403) 808 2636 Media Inquiries: Kurt Kadatz Director, Corporate Communications [email protected] (587) 228 4571 Subscription Inquiries: To receive ATCO Ltd. news releases, please click here. SOURCE ATCO Ltd.
Yahoo
22-05-2025
- Business
- Yahoo
ATCO LTD. ANNOUNCES SENIOR UNSECURED NOTES ISSUE
CALGARY, AB, May 22, 2025 /CNW/ - ATCO Ltd. (TSX: ACO.X) (TSX: ACO.Y) ATCO Ltd. announced today that it will issue $250,000,000 of 3.878% Senior Unsecured Notes maturing on May 27, 2030, at a price of $100.00 to yield 3.878%. This issue was sold by BMO Capital Markets, RBC Capital Markets, TD Securities, Scotiabank, CIBC Capital Markets, ATB Capital Markets and MUFG. Proceeds from the issue will be used to repay existing indebtedness and for other general corporate purposes. As a global enterprise ATCO Ltd. and its subsidiary and affiliate companies have approximately 21,000 employees and assets of $27 billion. ATCO is committed to future prosperity by working to meet the world's essential energy, housing, security and transportation challenges. ATCO Structures designs, builds and delivers products to service the essential need for housing and shelter around the globe. ATCO Frontec provides operational support services to government, defence and commercial clients. ATCO Energy Systems delivers essential energy for an evolving world through its electricity and natural gas transmission and distribution, and international electricity operations. ATCO EnPower creates sustainable energy solutions in the areas of electricity generation, energy storage, industrial water and cleaner fuels. ATCO Australia develops, builds, owns and operates energy and infrastructure assets. ATCO Energy provides retail electricity and natural gas services, home maintenance services and professional home advice that bring exceptional comfort, peace of mind and freedom to homeowners and customers. ATCO also has investments in ports and transportation logistics, the processing and marketing of ash, retail food services and commercial real estate. More information can be found at . Investor & Analyst Inquiries: Colin Jackson Senior Vice President, Financial Operations (403) 808 2636 Media Inquiries: Kurt KadatzDirector, Corporate 228 4571 Subscription Inquiries: To receive ATCO Ltd. news releases, please click here. SOURCE ATCO Ltd. View original content to download multimedia: Sign in to access your portfolio
Edmonton Journal
15-05-2025
- Business
- Edmonton Journal
Varcoe: ATCO head says separation talk 'impacting investments now,' as Canada aims to be energy superpower
Article content ATCO Ltd. chief executive Nancy Southern is feeling optimistic about the federal government's focus on building major projects across Canada — but concerned about the effect separation talk in Alberta is having on business investment. During the Calgary-based company's annual meeting on Wednesday, Southern spoke about the Carney government's commitment to developing energy corridors and getting new infrastructure built.
CBC
15-05-2025
- Business
- CBC
Alberta secession talk 'unhelpful,' ATCO chief executive says
The chief executive of ATCO Ltd. says discussions around Alberta secession are already hurting the investment climate. Nancy Southern says Asian partners in a major hydrogen project have said they won't make final investment decisions unless there is certainty around the Alberta separatism question. She says the prospect of Alberta independence is raising too many questions for companies to feel confident making big investment decisions. Those include how it would get its products to coastal ports, what kind of trade deals it would have with its neighbours, what currency it would use and how stable the economy would be. In reaction to Southern's comments, Charles St-Arnaud, chief economist with Alberta Central, told CBC News "it's not surprising. We know businesses don't like political uncertainty." He said the same has been observed in every case where there's a question of independence or a chance of a referendum, for example in Quebec and Brexit in London. "That uncertainty becomes a headwind for investment." Southern said she understands Albertans' frustration with the federal government over environmental regulations affecting the energy sector, but that she believes Prime Minister Mark Carney wants to change things. "I think the separatist discussion is very unhelpful and not constructive to Alberta," Southern said in an interview following her company's annual shareholder meeting. St-Arnaud said he anticipates more people may follow Southern's lead, speaking out about the negative consequences of secession talk in the province. "For most businesses, especially those who have to attract capital from outside Alberta or even companies that are kind of on the fence of whether or not they should be investing in Alberta or in Ontario or B.C., it can be a deciding factor in terms of whether or not investment happens in the province," he said.
Global News
14-05-2025
- Business
- Global News
Alberta separatism talk ‘unhelpful' and driving away investment: ATCO CEO
The chief executive of ATCO Ltd. says discussions around Alberta secession are already hurting the investment climate. Nancy Southern said Asian partners in a major hydrogen project have said they won't make final investment decisions unless there is certainty around the Alberta separatism question. 'There's just too many questions for them to be confident that they can move forward with large-scale investment decisions, and so I think the separatist discussion is very unhelpful and not constructive to Alberta,' she said in an interview Wednesday following Atco's annual shareholder meeting in Calgary. Questions include how an independent Alberta would get its products to coastal ports, what kind of trade deals it would have with its neighbours, what currency it would use and how stable the economy would be. Southern says she understands Albertans' frustration with the federal government. Story continues below advertisement 'We have had the short end of the stick on many occasions as a result of new regulations and legislation and rule of law,' Southern said. 'I'm a big believer that this prime minister wants to change things and I think we need to sit down and work together.' Tweet This Click to share quote on Twitter: "I'm a big believer that this prime minister wants to change things and I think we need to sit down and work together." Talk of Alberta going it alone or joining the United States has ratcheted up since the federal Liberals won a fourth term in office last month. 2:01 Indigenous chiefs accuse Premier Danielle Smith of stoking Alberta separatism talk In the province, where all but a few seats went Conservative blue, there is widespread discontent with federal environmental policies affecting the key oilpatch industry. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Alberta Premier Danielle Smith has introduced a bill that, if passed, would make it far easier for Albertans to launch referendums on various topics — including splitting from Canada. Story continues below advertisement Smith has said she wants to see the province stay within Canada but she's willing to put the question to Albertans as soon as next year if petitioners gather the requisite 177,000 signatures to trigger a referendum. 2:10 Alberta separatism: Smith wants provincial sovereignty 'within a United Canada' Smith has pointed to growing alienation in her province and frustration with Ottawa, saying those wanting to separate 'are not fringe voices.' Also Wednesday, Southern highlighted potential opportunities for the Calgary-based company's defence arm in an increasingly unstable geopolitical climate. Last month Ottawa awarded a contract to a joint venture between ATCO Frontec and the Inuvialuit Development Corp. for a new radar defence system in the Northwest Territories. The two-year contract is worth $48.4 million. It covers the design, construction, installation and operation of the Polar Over-the-Horizon Radar system. Story continues below advertisement 'The opportunities in Canada are really quite astounding, especially as Canada moves to modernize the Norad system and strengthen our northern defence,' Southern told the meeting. She said the system is 'very needed in today's North' and it can detect targets at long ranges — hundreds to thousands of kilometres. 3:21 Why Canada's Arctic is under the geopolitical spotlight Southern underlined the need for north-south corridors to get goods and resources to market, but much of the discussion has been on east-west infrastructure projects. That could mean tapping into the port of Churchill, Man., where there is tanker access to Europe via Hudson Bay. 'The north-south corridor is too often forgotten. But I think now, given the security concerns around the Arctic and Arctic sovereignty, they're probably more important than ever,' she said in the interview. Story continues below advertisement 'And I do think, as Canadians, it is our opportunity and our privilege and our duty, actually, to bring economic development to our Arctic regions.' Tweet This Click to share quote on Twitter: "And I do think, as Canadians, it is our opportunity and our privilege and our duty, actually, to bring economic development to our Arctic regions." Southern told shareholders said she's encouraged Carney is taking action on housing, defence and energy. 'As we stand at a pretty critical juncture in our country's, province's and company's future, and as we navigate through these very turbulent times, the uncertainty that we've faced in recent years is likely to persist and potentially intensify,' Southern said. 'Trade tensions, supply chain, inflationary pressures, geopolitical conflict, and the accelerating pace of technological change are all converging to create a stubbornly complex and unpredictable environment.' ATCO, with some 21,000 employees and a global footprint, has subsidiaries in a diverse array of sectors, including defence, modular building construction, electricity distribution and transmission, and more.
