OAKVILLE, ON, Nov. 20, 2012 /CNW/ - Algonquin Power & Utilities Corp.
("APUC") (TSX: AQN) announced it has entered into a new $30 million
senior unsecured revolving credit facility ("Facility") with the Bank
of Nova Scotia. The credit facility will be used for general corporate
purposes and has a maturity date of November 19, 2015.
"We are pleased to have a separate bank credit facility available for
APUC," commented David Bronicheski, Chief Financial Officer. "This
Facility will provide additional liquidity, financial flexibility and
support for our ongoing business initiatives."
About Algonquin Power & Utilities Corp.
Algonquin Power & Utilities Corp. owns and operates a diversified
portfolio of $1.9 billion of regulated and non-regulated utilities in
North America. The company's regulated utility business provides
regulated water, electricity and natural gas utility services to more
than 335,000 customers with a portfolio of 27 distribution utility
systems. The company's non-regulated electric generation subsidiary
includes 23 renewable energy facilities and 7 thermal energy facilities
representing more than 460 MW of installed capacity. Algonquin delivers
continuing growth through an expanding pipeline of renewable power and
clean energy projects, organic growth within its regulated utilities
and the pursuit of accretive acquisition opportunities. Common shares
and Preferred shares are traded on the Toronto Stock Exchange under the
symbol AQN and AQN.PR.A respectively. Visit Algonquin Power and
Utilities at www.AlgonquinPowerandUtilities.com and follow us on Twitter @AQN_Utilities.
Caution Regarding Forward-Looking Information
Certain statements included in this news release contain information
that is forward-looking within the meaning of certain securities laws,
including information and statements regarding prospective results of
operations, financial position or cash flows. These statements are
based on factors or assumptions that were applied in drawing a
conclusion or making a forecast or projection, including assumptions
based on historical trends, current conditions and expected future
developments. Since forward-looking statements relate to future events
and conditions, by their very nature they require making assumptions
and involve inherent risks and uncertainties. APUC cautions that
although it is believed that the assumptions are reasonable in the
circumstances, these risks and uncertainties give rise to the
possibility that actual results may differ materially from the
expectations set out in the forward-looking statements. Material risk
factors include those set out in the management's discussion and
analysis section of APUC's most recent annual report, quarterly report,
and APUC's Annual Information Form. Given these risks, undue reliance
should not be placed on these forward-looking statements, which apply
only as of their dates. Other than as specifically required by law,
APUC undertakes no obligation to update any forward-looking statements
or information to reflect new information, subsequent or otherwise.
SOURCE: Algonquin Power & Utilities Corp.
For further information:
Algonquin Power & Utilities Corp.
2845 Bristol Circle, Oakville, Ontario, L6H 7H7
Telephone: (905) 465-4500