trending Market Intelligence /marketintelligence/en/news-insights/trending/R2UrdtAK9tJcnVkrHm0FQQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Atlantic Power, subsidiary to repurchase securities

Webinar Replay

Deep Dive on Oil & Gas for Financial Institutions

In the Battle for Market Share, Analysts See Downturn Boosting Renewable Energy

Essential Energy Insights - May 14, 2020

Credit Risk: Identifying Early Warning Signals In The Oil And Gas Industry


Atlantic Power, subsidiary to repurchase securities

Atlantic Power Corp. and Atlantic Power Preferred Equity Ltd. secured the approval of the Toronto Stock Exchange to repurchase securities under their normal course issuer bids through a predefined automatic securities purchase plan with their broker.

The normal course issuer bid covers C$115 million of Atlantic Power's 6.0% series E convertible unsecured subordinated debentures due Jan. 31, 2025; Atlantic Power's common shares; and Atlantic Power Preferred Equity's 4.85% cumulative redeemable preferred shares series 1, cumulative rate reset preferred shares, series 2, and cumulative floating rate preferred shares, series 3.

The broker, RBC Capital Markets, may only purchase up to 10% of the public float of Atlantic Power's convertible debentures and common shares and up to 10% of the public float of Atlantic Power Preferred Equity's preferred shares.

The companies plan to start their normal course issuer bids Dec. 31. The bids will expire Dec. 30, 2020, or at an earlier date when the companies complete their respective purchases.