Sept 9 (Reuters) - Northland Power Inc NPI.TO :
* NORTHLAND POWER ANNOUNCES ACQUISITION OF COLOMBIAN REGULATED UTILITY BUSINESS FOR $1.05 BILLION AND CONCURRENT $315 MILLION EQUITY FINANCING
* NORTHLAND POWER INC - ACQUISITION WILL BE FUNDED INITIALLY WITH A FULLY COMMITTED 12-MONTH $1.1 BILLION BRIDGE FACILITY.
* NORTHLAND - EBSA DEAL GENERATES AVERAGE MID-SINGLE DIGIT ACCRETION TO FREE CASH FLOW PER SHARE DURING CURRENT PERIOD ENDING 2023
* NORTHLAND POWER INC - TO PURCHASE A 99.2% INTEREST IN COLOMBIAN REGULATED UTILITY EMPRESA DE ENERGÍA DE BOYACÁ
* NORTHLAND POWER INC - BASED ON SUBMITTED TARIFF, EBSA IS EXPECTED TO CONTRIBUTE ADJUSTED EBITDA IN 2020 OF APPROXIMATELY COP 255 BILLION
* NORTHLAND POWER INC - INTENDS TO PERMANENTLY FINANCE ACQUISITION THROUGH $315 MILLION OF GROSS PROCEEDS IN COMMON EQUITY
* NORTHLAND POWER INC - INTENDS TO PERMANENTLY FINANCE ACQUISITION THROUGH $450 TO $500 MILLION OF NON-RECOURSE DEBT FINANCING SUPPORTED BY EBSA BUSINESS
* NORTHLAND POWER INC - BALANCE OF ACQUISITION WILL BE FUNDED WITH CASH ON HAND AND BORROWINGS UNDER NORTHLAND'S CORPORATE CREDIT FACILITIES
* NORTHLAND POWER INC - UNDERWRITERS TO PURCHASE 12.99 MILLION SUBSCRIPTION RECEIPTS AT $24.25/SUBSCRIPTION RECEIPT