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BRIEF-Transalta Provides Update On Covid-19 Implemented Measures

Published 2020-04-07, 08:06 a/m
Updated 2020-04-07, 08:12 a/m

April 7 (Reuters) - TransAlta Corp TA.TO :

* TRANSALTA PROVIDES UPDATE ON COVID-19 IMPLEMENTED MEASURES

* TRANSALTA - WE ARE IN A SOLID POSITION AND HAVE STRONG VISIBILITY TO CASH FLOW THROUGHOUT 2020

* TRANSALTA CORP - AT END OF Q1, COMPANY HAD $1.7 BILLION OF LIQUIDITY, INCLUDING APPROXIMATELY $330 MILLION IN CASH

* TRANSALTA CORP - COMPANY IS ALSO SCHEDULED TO RECEIVE $400 MILLION SECOND TRANCHE OF BROOKFIELD INVESTMENT IN Q4

* TRANSALTA CORP - COMPANY HAS SUFFICIENT EXISTING LIQUIDITY AVAILABLE TO MEET UPCOMING DEBT MATURITY WHICH IS DUE NOVEMBER 2020

* TRANSALTA - NOT EXPERIENCED INTERRUPTIONS TO SERVICE REQUIREMENTS

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