TRSWF - TransAlta Renewables's TEC Hedland prices A$800M notes offering

TEC Hedland in which TransAlta Renewables (TRSWF) owns an indirect economic interest, has priced an ~A$800M senior secured note offering, via a private placementThe senior secured notes will bear annual interest of 4.07%, payable quarterly and mature on June 30, 2042. Offering is expected to close by October 22.Net proceeds will used by TEC to fund various debt service, maintenance and other collateral security reserves, to repay outstanding indebtedness, intercompany loans and for other corporate purposes.

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TransAlta Renewables's TEC Hedland prices A$800M notes offering