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Capital Power prices C$300M medium-term notes

Capital Power Corp. announced Jan. 16 the pricing of C$300 million of 4.986% medium-term notes, due Jan. 23, 2026.

The offering is expected to close on or before Jan. 23. The securities are rated BBB- by S&P Global Ratings and BBB (low) by DBRS Ltd.

The net proceeds will be used to repay debt under Capital Power's credit facilities or for general corporate purposes, according to a news release.

RBC Dominion Securities Inc. and TD Securities Inc. acted as co-lead managers and joint book runners.