EDMONTON, April 18 /CNW/ - Capital Power L.P. ("CPLP" or "The
Partnership"), the legal entity that directly and indirectly holds
substantially all of Capital Power Corporation's assets (TSX: CPX) has
completed a public offering in Canada of unsecured medium term notes in
the aggregate principal amount of C$300 million. The notes have a
coupon rate of 4.60% and mature on December 1, 2015. The net proceeds
of the offering will be used for general corporate purposes, including
repayment of amounts owing under its credit facilities, short term
investment, financing of ongoing capital projects and working capital
The notes have been rated BBB by Standard & Poor's Rating Services and
BBB by DBRS Limited.
The offering was made in Canada pursuant to CPLP's Short Form Base Shelf
Prospectus dated April 14, 2010, and a related pricing supplement dated
April 13, 2011.
RBC Dominion Securities Inc. acted as co-lead and sole book runner with
BMO Nesbitt Burns Inc. and Scotia Capital Inc. acting as additional
co-leads for the syndicate of agents which includes CIBC World Markets
Inc., TD Securities Inc., HSBC Securities (Canada) Inc., National Bank
Financial Inc., Merrill Lynch Canada Inc., and Desjardins Securities
About Capital Power Corporation
Capital Power is a growth-oriented North American independent power
producer, building on more than a century of innovation and reliable
performance. The Company's vision is to be recognized as one of North
America's most respected, reliable and competitive power generators.
Headquartered in Edmonton, Alberta, Capital Power has interests in 32
facilities in Canada and the U.S. totaling nearly 3,800 megawatts of
generation capacity. Capital Power and its subsidiaries develop,
acquire and optimize power generation from a wide range of energy
sources. The company's web site can be accessed at www.capitalpower.com.
SOURCE Capital Power Corporation
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