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BRIEF-Atlantic Power reports repricing of APLP Holdings term loan and revolver

Published 2017-04-17, 05:30 p/m
Updated 2017-04-17, 05:40 p/m
© Reuters.  BRIEF-Atlantic Power reports repricing of APLP Holdings term loan and revolver

April 17 (Reuters) - Atlantic Power Corp ATP.TO :

* Atlantic Power announces repricing of aplp holdings term loan and revolver

* Atlantic Power -repricing of $615 million senior secured term loan,$200 million senior secured revolving credit facility at aplp holdings ltd partnership unit

* Atlantic Power -as a result of repricing, co expects to realize interest cost savings for remainder of 2017 of $2.4 million - sec filing

* Atlantic Power Corp - interest rate margin on term loan and revolver has been reduced by 75 basis points to libor plus 425 basis points

* Atlantic Power Corp - cumulative savings through maturity dates of term loan and revolver estimated to be about $17 million, net of transaction fees Source text for Eikon: ID:nCNWy9md6a Further company coverage: ATP.TO

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