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Caribbean Utilities Company, Ltd. Announces Closing of US$30 Million Private Placement of 5.96% Senior Unsecured Notes Due December 15, 2020
Caribbean Utilities Company, Ltd. Announces Closing of US$30 Million Private Placement of 5.96% Senior Unsecured Notes Due December 15, 2020.
About this update from Caribbean Utilities Co. Ltd. Class A
[{"type":"text","content":"\n\n\n\n\nGRAND CAYMAN, Cayman Islands, Dec. 16 /CNW/ - Caribbean Utilities\nCompany, Ltd. (\"CUC\") announced today the closing of a US$30 million private\nplacement through Harris Nesbitt Corp. of 5.96% Senior Unsecured Notes due\nDecember 15, 2020. The closing consisted of a single tranche of US$30 million.\nThe debt offering was privately placed with three institutional \ninvestors in the United States. Proceeds from the offering will be used to\nrepay short-term indebtedness and to finance ongoing additions to CUC's\ngeneration capacity and transmission and distribution system.\nThe notes will not be registered under the Securities Act of 1933 (the\n\"Securities Act\") as amended, nor will they be registered under any state\nsecurities laws. Unless so registered, the notes may not be offered or sold\nexcept pursuant to an exemption from, or in a transaction not subject to, the\nregistration requirements of the Securities Act and applicable state\nsecurities laws.\nCUC's Class A Ordinary Shares are listed in United States funds on the\nToronto Stock Exchange (trading symbol: CUP.U).\n%SEDAR: 00002251E\n\n\n","length":1177,"tagName":"div"}]