#TSX:CPX

Track all markets on TradingView - Graphs are not on time
Capital Power Closes US$1.2 Billion Senior Notes Offering to Fund U.S. Power Plant Acquisition

Capital Power Corporation (TSX: CPX) announced the successful closing of a US$1.2 billion private offering of senior notes. The offering includes US$700 million in 5.257% notes due 2028 and US$500 million in 6.189% notes due 2035, issued by its U.S. subsidiary and guaranteed by Capital Power and its credit facility guarantors.

The proceeds will support Capital Power’s acquisition of 100% equity interests in Hummel Station, LLC (1,124 MW gas facility in Pennsylvania) and Rolling Hills Generating, L.L.C. (1,023 MW facility in Ohio). If the acquisition is not completed by early 2026, the 2035 notes will be subject to mandatory redemption. Remaining funds may be used for other growth initiatives, debt repayment, or general corporate purposes.

The notes were issued under Rule 144A and Regulation S, targeting institutional investors. This offering strengthens Capital Power’s position as a leading North American power producer, advancing its strategy to expand gas-fired capacity.
💬 0 🔗 Share
Author
Value Investor
May 30, 2025

YouTube Videos