Capital Power (TSE:CPX) has released an update.
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Capital Power Corporation has launched a C$450 million offering of 8.125% Subordinated Notes due in 2054, aiming to close by June 5, 2024. The funds raised are designated for repaying credit facility debts, redeeming outstanding Preferred Shares, and general corporate expenses. The Notes received BB ratings from both S&P Global Ratings and DBRS Limited.
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