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BRIEF-Alterra Power expands loan facility for Flat Top wind investment

Published 2017-06-28, 09:10 a/m
© Reuters.  BRIEF-Alterra Power expands loan facility for Flat Top wind investment
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June 28 (Reuters) - Alterra Power Corp AXY.TO

* Alterra power expands loan facility for flat top wind investment

* Alterra power corp says expanded facility will be secured by and supported by cash flows from alterra's projected 51% ownership stake in flat top project

* Alterra power- loan expansion will fund in conjunction with completion of flat top project financing, which co expects to occur within next few weeks

* Alterra power corp - alterra also expects to sell down a 49% interest in project to a sponsor-partner

* Alterra power corp says net proceeds, about us$20.6 million, will be used as part of alterra's sponsor equity contribution for flat top wind project

* Alterra power corp - project is expected to achieve commercial operations in first half of 2018 Source text for Eikon: ID:nPnwyfLga Further company coverage: AXY.TO

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