EDMONTON, AB--(Marketwired - September 13, 2016) - Capital Power Corporation (Capital Power or the company) (
"I'm pleased with the closing of this debt transaction which further extends our relationship with Prudential Capital Group," said Bryan DeNeve, Senior Vice President and Chief Financial Officer. "The 10-year term of this debt demonstrates their continued confidence in Capital Power's outlook and provides the company with long-term financing at reasonable terms including a 10-year non-amortizing tenure."
The Note matures in September 2026. Proceeds from the Note will be used to repay amounts outstanding on the company's credit facilities and for general corporate purposes.
About Capital Power
Capital Power (
About Prudential Capital Group
Prudential Capital Group has been a leading provider of private debt, mezzanine and equity securities to companies worldwide for more than 75 years. Managing a portfolio of more than $76 billion (as of June 30, 2016), Prudential Capital offers private capital to companies, worldwide. The global regional office network has locations in Atlanta, Chicago, Dallas, Frankfurt, London, Los Angeles, Milan, Minneapolis, Newark, N.J., New York, Paris, San Francisco, and Sydney, Australia. For more information, please visit www.prudentialcapitalgroup.com.
Contact Information:
For more information, please contact:
Media Relations:
Michael Sheehan
(780) 392-5222
msheehan@capitalpower.com
Investor Relations:
Randy Mah
(780) 392-5305 or (866) 896-4636 (toll-free)
investor@capitalpower.com