Capital Power Mulls New Debt Offering

Capital Power (TSE:CPX) has released an update.

Capital Power Corporation is exploring the possibility of issuing hybrid subordinated debt securities in Canada, with the aim to use the proceeds for repaying credit facility debts, potentially redeeming existing preferred shares, and other corporate expenses. However, there is no guarantee that this offering will proceed, nor are the terms and timing confirmed. Interested parties can find more details in the company’s prospectus filed with Canadian regulatory authorities.

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