|
|
Article: TransAlta announces pricing of US$500 million senior notes offering.
- Article from:
- Marketwire Canada
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CALGARY, ALBERTA, Nov 9, 2009 (Marketwire via COMTEX) -- TransAlta Corporation (TSX:TA); (NYSE:TAC) ("TransAlta") today announced it has priced an offering of US$500.0 million in aggregate principal amount of its 4.75% senior notes due 2015 at an issue price equal to 99.783% of the principal amount of the notes. TransAlta intends to use the net proceeds from the offering to repay a portion of the indebtedness relating to its acquisition of Canadian Hydro Developers, Inc. The notes are expected to be rated BBB by Standard & Poor's Rating Services, a division of McGraw-Hill, Inc., and Baa2 by Moody's Investor Service Inc. A securities rating is not a recommendation to buy, ...