Capital Power Announces Closing of US$1.2 Billion of Senior Notes

Core Viewpoint - Capital Power Corporation has successfully closed a private offering of US$700 million in senior notes due 2028 and US$500 million in senior notes due 2035 to fund acquisitions and future growth opportunities [1][2] Group 1: Offering Details - The offering includes US$700 million of 5.257% senior notes due 2028 and US$500 million of 6.189% senior notes due 2035, issued by Capital Power (US Holdings) Inc., a wholly-owned subsidiary [1] - The notes are guaranteed by Capital Power and its subsidiaries that guarantee the company's revolving credit facilities [1] Group 2: Use of Proceeds - The net proceeds from the offering will be used to fund a portion of the acquisition of Hummel Station, LLC, which owns a 1,124 MW natural gas facility, and Rolling Hills Generating, L.L.C., which owns a 1,023 MW combustion turbine natural gas facility [2] - If the acquisition is not completed by January 15, 2026, or any later agreed date, the proceeds will be used for a special mandatory redemption and to finance future growth opportunities, including acquisitions and capital development expenditures [2] Group 3: Company Overview - Capital Power is a growth-oriented power producer with approximately 10 GW of power generation capacity across 30 facilities in North America [10] - The company focuses on delivering reliable and affordable power while building lower-carbon power systems [10]