Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

BRIEF-Atlantic Power Corp announces repricing of APLP Holdings term loan

Published 2017-10-19, 05:21 p/m
Updated 2017-10-19, 05:30 p/m
© Reuters.  BRIEF-Atlantic Power Corp announces repricing of APLP Holdings term loan

Oct 19 (Reuters) - Atlantic Power Corp ATP.TO

* Atlantic Power Corporation announces repricing of APLP holdings term loan and revolver and repayment of Piedmont project debt

* Atlantic Power Corp - repricing of $563 million senior secured term loan and $200 million senior secured revolving credit facility at its unit

* Atlantic Power Corp - as a result of the repricing, company expects to realize interest cost savings in 2018 of approximately $4 million

* Atlantic Power Corp - combined savings of both repricing transactions is expected to be approximately $33 million over terms of facilities

* Atlantic Power - cumulative savings through maturity dates of term loan and revolver are estimated to be approximately $15 million

* Atlantic Power Corp - on October 12, co repaid $54.6 million non-recourse project debt outstanding at its piedmont plant

* Atlantic Power - decision to repay Piedmont maturity from discretionary cash brings total debt repayment expected in 2017 to approximately $166 million

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.