Atlantic Power Announces Intention to Redeem Medium Term Notes
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DEDHAM, Mass., May 11, 2021 /PRNewswire/ -- Atlantic Power Corporation (NYSE: AT) (TSX: ATP) ("Atlantic Power" or the "Company") announced today that its indirect, wholly-owned subsidiary, Atlantic Power Limited Partnership ("APLP") has exercised its right to mandatorily redeem its C$210,000,000 principal amount of 5.95% medium term notes due June 23, 2036 (the "Notes"), conditional on closing of the previously announced proposed transaction among Atlantic Power, Atlantic Power Preferred Equity Ltd., APLP and certain affiliates (collectively the "Purchasers") of infrastructure funds managed by I Squared Capital Advisors (US) LLC (the "Transaction"). The parties are currently targeting May 14, 2021 as the closing date for the Transaction.