TransactionsCassels Brock Acts for the Agents as Algonquin Power Co. Issues $135 Million in Senior Unsecured DebenturesPublished: 07/26/2011 By Marlin Horst, Nicole Washington On July 25, 2011, Algonquin Power & Utilities Corp. announced the closing of a private placement of CAD $135 million of 5.50% senior unsecured debentures of its power generation subsidiary, Algonquin Power Co. (“APCo”). Proceeds from the debenture issue will be used to repay existing project debt, reduce amounts outstanding under APCo’s senior credit facility and for general corporate purposes. The debentures were sold via a syndicate of agents co-led by National Bank Financial Inc. and BMO Nesbitt Burns Inc. and will mature on July 25, 2018. Cassels Brock acted as counsel to the agents with a team that included Norman Findlay (Securities), Nicole Washington (Securities), Marlin Horst (Financial Services) and Joel McElravy (Summer Student). |