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).
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.
Atlantic Power Corporation Announces Date for Release of First Quarter 2021 Results
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DEDHAM, Mass., April 30, 2021 /PRNewswire/ Atlantic Power Corporation (NYSE: AT) (TSX: ATP) ( Atlantic Power or the Company ) plans to release its financial results for the three months ended March 31, 2021 after the market closes on the afternoon of Thursday, May 6, 2021. The Company does not plan to hold a conference call due to the pending acquisition of the Company by certain affiliates (collectively the Purchasers ) of infrastructure funds managed by I Squared Capital Advisors (US) LLC (the Transaction ). Closing of the Transaction is targeted for May 14, 2021.
Atlantic Power Announces Cancellation of Convertible Debentureholder Meeting and Intention to Defease Convertible Debentures
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DEDHAM, Mass., April 29, 2021 /PRNewswire/ Atlantic Power Corporation (NYSE: AT) (TSX: ATP) ( Atlantic Power or the Company ) announced today that it has cancelled the meeting of holders of its 6.00% Series E convertible unsecured subordinated debentures due January 31, 2025 (the Convertible Debentures ) scheduled to be held on April 29, 2021 to consider the previously announced proposed transaction among Atlantic Power, Atlantic Power Preferred Equity Ltd., Atlantic Power Limited Partnership and certain affiliates (collectively the Purchasers ) of infrastructure funds managed by I Squared Capital Advisors (US) LLC (the Transaction ). The meeting was cancelled with the consent of the Purchasers and the parties have mutually waived the condition precedent to the Transaction that the holders of the
Atlantic Power Obtains Final Court Order Approving Arrangement
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DEDHAM, Mass., April 19, 2021 /PRNewswire/ Atlantic Power Corporation (NYSE: AT) (TSX: ATP) ( Atlantic Power or the Company ) announced today that it has obtained a final court order from the Supreme Court of British Columbia approving its previously announced arrangement with certain affiliates (collectively the Purchasers ) of infrastructure funds managed by I Squared Capital Advisors (US) LLC.
The previously announced transaction with the Purchasers (the Transaction ) remains subject to the satisfaction or waiver of certain conditions, including approval of the holders of the Company s convertible debentures ( Convertible Debentures ), certain remaining regulatory approvals and third-party consents, and other customary closing conditions. As previously disclosed, the parties intend to close the Transaction without the approval of the holders of the Conve