Atlantic Power (AT) Annoucnes $460M Senior Notes Offering for Institutional Buyers
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Atlantic Power Corporation (NYSE: AT) is offering $460 million aggregate principal amount of senior notes due 2018 to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended, and to non-U.S. persons outside of the United States in compliance with Regulation S under the Securities Act. The Notes will be senior unsecured obligations of the Company, guaranteed by certain subsidiaries of the Company.
The Company intends to use the net proceeds from the offering of the Notes to fund a portion of the cash portion of its acquisition of Capital Power Income L.P., to pay the related fees and expenses incident thereto, to repay indebtedness outstanding under Capital Power Income L.P.'s revolving credit facilities and, to the extent of any remaining net proceeds, to fund additional growth opportunities and for general corporate purposes.
The Company intends to use the net proceeds from the offering of the Notes to fund a portion of the cash portion of its acquisition of Capital Power Income L.P., to pay the related fees and expenses incident thereto, to repay indebtedness outstanding under Capital Power Income L.P.'s revolving credit facilities and, to the extent of any remaining net proceeds, to fund additional growth opportunities and for general corporate purposes.
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