Power Corporation - Closing of Debenture Issue

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[{"type":"text","content":"\n\n\n\nPower Corporation - Closing of Debenture Issue\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.prntal{\nTEXT-ALIGN: LEFT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTRÉAL, July 25, 2018\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n\nReaders are referred to the \"Forward-Looking Statements\" at the end of this release\n\n\n\nMONTRÉAL, July 25, 2018 /CNW Telbec/ - Power Corporation of Canada (\"Power Corporation\" or \"the Corporation\") (TSX: POW) announced today that it has completed its offering of $250 million aggregate principal amount of 4.455% debentures due July 27, 2048 (the \"Debentures\").\n\nThe Debentures were offered through a syndicate of agents co-led by BMO Capital Markets and RBC Capital Markets.\n\nAs previously indicated, the net proceeds of the offering will be used by Power Corporation to fund the redemption of all of its $250 million aggregate principal amount of 7.57% debentures due April 22, 2019 (the \"2019 Debentures\"). Today, Power Corporation is issuing a notice to redeem the 2019 Debentures on September 6, 2018, for consideration determined in accordance with their terms. \n\nThe securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.\n\nAbout Power CorporationPower Corporation of Canada is a diversified international management and holding company with interests in companies in the financial services, asset management, sustainable and renewable energy, and other business sectors in North America, Europe and Asia. To learn more, visit www.PowerCorporation.com.\n\nForward-Looking StatementsCertain statements in this news release, other than statements of historical fact, are forward-lo...

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