By Devika Patel
Knoxville, Tenn., June 12 – Capital Power Corp. placed C$325 million of senior notes in three tranches, according to a press release. National Bank of Canada Financial Inc. was the lead agent, and Scotia Capital (USA) Inc. and TD Securities (USA) LLC were co-agents.
The notes include C$210 million of 4.56% 10-year notes, C$65 million of 4.72% 12-year senior notes and C$50 million of 4.96% 15-year senior notes.
Proceeds will be used for refinancing existing bank debt and other general corporate purposes.
Capital Power is an Edmonton, Alta.-based power producer.
| Issuer: | Capital Power Corp.
|
| Issue: | Senior notes
|
| Amount: | C$325 million
|
| Agent: | National Bank of Canada Financial Inc. (lead), Scotia Capital (USA) Inc. and TD Securities (USA) LLC
|
| Settlement date: | June 12
|
| Distribution: | Private placement
|
|
|
| 10-year notes
|
| Amount: | C$210 million
|
| Maturity: | June 2029
|
| Coupon: | 4.56%
|
|
|
| 12-year notes
|
| Amount: | C$65 million
|
| Maturity: | June 2031
|
| Coupon: | 4.72%
|
|
|
| 15-year notes
|
| Amount: | C$50 million
|
| Maturity: | June 2034
|
| Coupon: | 4.96%
|
|
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