Parties
Company
Capital Power Corporation
Company
ATB Securities Inc.
Bank
BMO Nesbitt Burns Inc.
Company
Casgrain & Company Limited
Bank
CIBC World Markets Inc.
Bank
Desjardins Securities Inc.
Company
iA Private Wealth Inc.
Bank
Merrill Lynch Canada Inc.
Bank
MUFG Securities (Canada), Ltd.
Bank
National Bank Financial Inc.
Bank
RBC Dominion Securities Inc.
Bank
Scotia Capital Inc.
Bank
TD Securities Inc.
Capital Power Corporation, a North American power producer, announced on June 17, 2024, the launch of a medium-term notes (MTN) program, which subsequently closed on June 30, 2024. The program, capped at CAD 3 billion in principal, involves unsecured notes backed by guarantees from Capital Power’s Material Subsidiaries, with maturities exceeding one year. Proceeds will support corporate purposes, debt refinancing, capital expenditures, and working capital. The extensive syndicate of dealers includes ATB Securities Inc., BMO Nesbitt Burns Inc., Casgrain & Company Limited, CIBC World Markets Inc., Desjardins Securities Inc., iA Private Wealth Inc., Merrill Lynch Canada Inc., MUFG Securities (Canada), Ltd., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc., and TD Securities Inc. Legal counsel for Capital Power was provided by Dentons Canada LLP, while Osler, Hoskin & Harcourt LLP represented the dealers. With BBB(low) and BBB- ratings from DBRS and S&P respectively, the MTNs are deemed adequate credit quality with stable outlooks.
Deal Type
Public/Private OfferingIndustry
EnergyTransaction
$ 3,000,000,000Deal Status
ClosedClosing Date
30 June 2024