Atlantic Power (AT) Announces 5.5 Million Share Offering

Article Stock Quotes (1) Comments (0)

Atlantic Power Corporation (NYSE: AT) has commenced an underwritten public offering of 5,500,000 common shares of the Company. Morgan Stanley is acting as sole bookrunner with respect to the offering of common shares.

The Company intends to use the net proceeds from the common share offering, together with the net proceeds of its concurrent offering of US$130 million aggregate principal amount of convertible debentures, to fund the Company's equity commitment in Canadian Hills, its approximately 300 MW wind energy project under construction in the State of Oklahoma. Any remaining net proceeds will be used to fund additional growth opportunities and for general corporate purposes.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Baltic Trading (BALT) to Sell 5.58M Common at $3.60/Share
• First Potomac Realty (FPO) Prices Larger 6.5M Common Stock Offering
• CVR Partners (UAN) Announces 12M Common Secondary Sale

Create E-mail Alert Related Categories

Equity Offerings

Related Entities

Morgan Stanley

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?