Capital Power Corporation completes $3 billion medium term notes program

Company

Capital Power Corporation

Law Firm / Organization
Dentons Canada LLP

Company

ATB Securities Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Bank

BMO Nesbitt Burns Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Company

Casgrain & Company Limited

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Bank

CIBC World Markets Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Bank

Desjardins Securities Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Company

iA Private Wealth Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Bank

Merrill Lynch Canada Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Bank

MUFG Securities (Canada), Ltd.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Bank

National Bank Financial Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Bank

RBC Dominion Securities Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Bank

Scotia Capital Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Bank

TD Securities Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

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.

Public/Private Offering
Energy
$ 3,000,000,000
Closed
30 June 2024