EDMONTON, Alberta, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Capital Power Corporation ("Capital Power") (TSX:CPX) announced today that it has priced a public offering in Canada of unsecured medium term notes in the aggregate principal amount of C$350 million (the "Offering"). The notes have a coupon rate of 5.816% and mature on September 15, 2028.
The Offering is expected to close on or about September 15, 2023.
The net proceeds of the Offering will be used to repay, redeem or refinance existing indebtedness, including indebtedness under Capital Power's credit facilities, or for general corporate purposes.
The notes to be issued and sold under the Offering have been rated BBB- by S&P Global Ratings and BBB (low) by DBRS Limited.
The Offering is being offered in the provinces and territories of Canada through a syndicate of investment dealers co-led by TD Securities and RBC Capital Markets under Capital Power's short form base shelf prospectus dated June 10, 2022, a prospectus supplement dated June 13, 2022 and a pricing supplement to be dated September 12, 2023. Copies of these documents may be obtained over the Internet under our profile at the Canadian Securities Administrators' website at www.sedarplus.ca.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes in any jurisdiction. The Notes have not been approved or disapproved by any regulatory authority. The Notes have not been and will not be registered under the United States Securities ...