By Angela McDaniels
Tacoma, Wash., Sept. 13 – Capital Power Corp. issued C$160 million of 10-year 3.85% senior notes to Prudential Capital Group, according to a company news release.
Proceeds will be used to repay amounts outstanding on the company's credit facilities and for general corporate purposes.
The company noted that Prudential also holds $75 million of senior notes issued in 2011 by subsidiary Capital Power LP.
Capital Power is a power producer based in Edmonton, Alta.
| Issuer: | Capital Power Corp.
|
| Issue: | Senior notes
|
| Amount: | C$160 million
|
| Maturity: | September 2026
|
| Coupon: | 3.85%
|
| Price: | Par
|
| Yield: | 3.85%
|
| Investor: | Prudential Capital Group
|
| Settlement date: | Sept. 13
|
| Distribution: | Private placement
|
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