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Algonquin Power & Utilities Corp. Announces Pricing of $500 Million of Senior Unsecured Notes due 2029 and $350 Million of Senior Unsecured Notes due 2034
Algonquin Power & Utilities Corp. Announces Pricing of $500 Million of Senior Unsecured Notes...
About this update from Algonquin Power & Utilities Corp.
[{"type":"text","content":"\n \n \n \n Algonquin Power & Utilities Corp. Announces Pricing of $500 Million of Senior Unsecured Notes due 2029 and $350 Million of Senior Unsecured Notes due 2034\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n Algonquin Power & Utilities Corp. Announces Pricing of $500 Million of Senior Unsecured Notes due 2029 and $350 Million of Senior Unsecured Notes due 2034\n \n \n Canada NewsWire\n \n \n \n \n \n \n OAKVILLE, ON\n \n \n ,\n \n \n Jan. 10, 2024\n \n \n /CNW/ - Algonquin Power & Utilities Corp. (\"APUC\") (TSX: AQN) (NYSE: AQN) today announced that on\n \n January 9, 2024\n \n , Liberty Utilities Co. (\"Liberty Utilities\"), APUC's U.S. regulated distribution utility holding company, priced an offering of\n \n $500 million\n \n aggregate principal amount of 5.577% senior notes due\n \n January 31, 2029\n \n (the \"2029 Notes\") and\n \n $350 million\n \n aggregate principal amount of 5.869% senior notes due\n \n January 31, 2034\n \n (the \"2034 Notes\" and, together with the 2029 Notes, the \"Notes\").\n \n \n \n \n \n \n \n \n \n Liberty Utilities intends to use the net proceeds from the sale of the Notes to repay indebtedness and/or for other general corporate purposes.  Liberty Utilities may invest funds which it does not immediately require in short-term investment instruments.\n \n \n The Notes are unsecured and unsubordinated obligations of Liberty Utilities and will rank equally with all of Liberty Utilities' existing and future unsecured and unsubordinated indebtedness and senior in right of payment to any existing and future Liberty Utilities subordinated indebtedness. APUC is not a guarantor or obligor of the Notes. The 2029 Notes were priced at an issue price of 99.996% of their face value and will mature on\n \n January 31, 2029\n \n . The 2034 Notes were priced at an issue price of 99.995% of their face value and will mature on\n \n January 31, 2034\n \n . The offering is expected to close on\n \n January 12, 2024\n \n , subject to the satisfaction of customary closing conditions.\n \n \n The Notes were offered and wi...