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Capital Power announces a C$600 million medium term note offering and its intention to redeem C$300 million of medium term notes
Globenewswire· 2025-11-05 21:53
Core Viewpoint - Capital Power Corporation has announced a public offering of unsecured medium term notes totaling C$600 million with an interest rate of 4.231% and a maturity date of January 14, 2033 [1][2]. Offering of Medium Term Notes - The offering is expected to close around November 14, 2025 [2]. - The net proceeds will be used to repay or refinance existing debt, including the redemption of January 2026 Notes and project-level debt at Goreway Power Station [2]. Ratings - The notes have received provisional ratings of BBB- from S&P Global Ratings, BBB- from Fitch Ratings, and BBB (low) (stable) from DBRS Limited [3]. Redemption of January 2026 Medium Term Notes - Capital Power has issued a notice to redeem all outstanding 4.986% medium term notes due January 23, 2026, with a total principal amount of C$300 million [5]. - The redemption will occur on November 23, 2025, with the redemption price set at C$1,000 per C$1,000 principal amount, plus accrued interest [5].
Hydro One Inc. Prices Offering of $1.1 Billion Medium Term Notes under Sustainable Financing Framework
Prnewswire· 2025-08-21 00:05
Core Viewpoint - Hydro One Limited has announced the pricing of a $1.1 billion offering of Medium Term Notes to finance eligible green projects under its Sustainable Financing Framework [1][2]. Group 1: Offering Details - The offering consists of three series of Medium Term Notes: $450 million of 3.94% Series 61 Notes due 2032, $300 million of 4.30% Series 62 Notes due 2035, and $350 million of 4.95% Series 63 Notes due 2055 [1]. - The Series 61 Notes will be issued at a price of $99.988 per $100.00 principal amount, Series 62 Notes at $99.928, and Series 63 Notes at $99.907 [1]. - The offering is expected to close on August 25, 2025 [1]. Group 2: Use of Proceeds - Hydro One Inc. intends to allocate the net proceeds from the sale of the Notes to finance or refinance new and/or existing eligible green projects as per the 2024 Framework [2]. - Prior to allocation, proceeds may be used for debt repayment or investments in cash equivalents in line with internal liquidity management policies [2]. Group 3: Company Overview - Hydro One Limited is Ontario's largest electricity transmission and distribution provider, serving 1.5 million customers with $36.7 billion in assets as of December 31, 2024, and annual revenues of $8.5 billion in 2024 [6][7]. - The company invested $3.1 billion in its transmission and distribution networks in 2024 and supported the economy by purchasing $2.9 billion in goods and services [7].