April 29 (Reuters) - Capital Power Corp CPX.TO :
* CAPITAL POWER ANNOUNCES STRATEGIC ACQUISITION OF GOREWAY POWER STATION AND A $130 MILLION SUBSCRIPTION RECEIPT OFFERING
* CAPITAL POWER CORP - PURCHASE PRICE IS $387 MILLION IN TOTAL CASH CONSIDERATION
* CAPITAL POWER CORP - PURCHASE PRICE INCLUDES ASSUMPTION OF $590 MILLION OF PROJECT LEVEL DEBT
* CAPITAL POWER CORP - ACQUISITION IS EXPECTED TO GENERATE APPROXIMATELY $124 MILLION OF ADJUSTED EBITDA IN 2020
* CAPITAL POWER CORP - ACQUISITION IS EXPECTED TO GENERATE $50 MILLION OF ADJUSTED FUNDS FROM OPERATIONS (AFFO) IN 2020
* CAPITAL POWER CORP SEES 2019 AFFO OF $485 MILLION TO $535 MILLION
* CAPITAL POWER - DEAL TO BE FINANCED WITH NET PROCEEDS RAISED BY $130 MILLION SUBSCRIPTION RECEIPT OFFERING FOLLOWED LATER BY FUNDING FROM OTHER SOURCES
* CAPITAL POWER CORP - ACQUISITION IS FORECASTED TO BE $0.27 ACCRETIVE TO AFFO PER SHARE IN 2020 REPRESENTING GROWTH OF APPROXIMATELY 6%.
* CAPITAL POWER CORP SEES 2019 ADJUSTED EBITDA OF $870 MILLION TO $920 MILLION
* CAPITAL POWER CORP - NET PROCEEDS FROM PUBLIC OFFERING WILL BE USED TO PARTIALLY FINANCE ACQUISITION.
* CAPITAL POWER CORP - EXPECTS TO FINANCE ACQUISITION USING A COMBINATION OF DEBT AND EQUITY