Atlantic Power Announces Closing of Transaction With I Squared Capital
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DEDHAM, Mass., May 14, 2021 /PRNewswire/ -- Atlantic Power Corporation (NYSE: AT) (TSX: ATP) ("Atlantic Power"), announced today the closing ("Closing") of its previously announced transaction with affiliates of infrastructure funds managed by I Squared Capital Advisors (US) LLC (the "Transaction"). In connection with the Transaction:
All of the common shares of Atlantic Power ("Common Shares") were acquired for US$3.03 in cash per Common Share (less applicable withholdings).
All of the preferred shares of Atlantic Power Preferred Equity Ltd. ("APPEL") were acquired by APPEL for C$22.00 in cash per preferred share (less applicable withholdings).