Trisummit Utilities Inc. Closes $350 Million Medium-Term Note Offering

(MENAFN- Newsfile Corp) Calgary, Alberta--(Newsfile Corp. - November 14, 2025) - TriSummit Utilities Inc. ("TSU") announced that it has completed its $350 million issuance of senior unsecured medium-term notes (the "Offering"). The Offering is comprised of $175 million of notes carrying a coupon rate of 3.71% and maturing on February 14, 2031, and $175 million of notes carrying a coupon rate of 4.40% and maturing on November 14, 2035.

Net proceeds from the Offering will be used to repay amounts outstanding under TSU's Canadian syndicated revolving credit facility, U.S. syndicated revolving credit facility and Canadian operating credit facility, which amounts were incurred in the normal course of business to fund the working capital requirements of TSU.

The Offering was made through a syndicate of investment dealers co-led by RBC Capital Markets, CIBC Capital Markets, and TD Securities as joint bookrunners under TSU's Short Form Base Shelf Prospectus dated April 3, 2025 and Prospectus Supplement dated April 17, 2025.

No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release is not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia) or any other jurisdiction outside Canada. This press release does not constitute or form a part of any offer to buy or sell any securities in the United States or any other jurisdiction outside of Canada. The securities of TSU have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws. Accordingly, these securities may not be offered or sold within the United States or to a U.S. person unless registered under the U.S. Securities Act and applicable state securities laws or except pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. There will be no public offering of securities in the United States.

About TriSummit Utilities Inc.

TSU is a North American company with natural gas distribution, transmission and storage utilities and renewable power generation assets. TSU serves approximately 293,000 customers across Canada and the United States, delivering energy safely and reliably.

For more information visit:

MENAFN14112025004218003983ID1110346457