On November 29, 2023, Capital Power Corporation announced and priced a C$400 million offering of 5.378% Senior Unsecured Medium-Term Notes, maturing January 25, 2027, with settlement on December 15, 2023. Net proceeds of C$398.96 million will fund the acquisitions of two U.S. natural gas-fired power facilities: La Paloma in California and a 50% stake in Harquahala in Arizona.

The notes were issued through a syndicate of dealers comprising TD Securities Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., National Bank Financial Inc., J.P. Morgan Securities Canada Inc., ATB Capital Markets Inc., Merrill Lynch Canada Inc., MUFG Securities (Canada), Ltd., Casgrain & Company Limited, iA Private Wealth Inc., and Desjardins Securities Inc.

Legal advisors included Dentons Canada LLP for Capital Power and Osler, Hoskin & Harcourt LLP for the dealers.