Offering of Medium Term Notes
The Offering is expected to close on or about November 14, 2025.
Capital Power intends to use the net proceeds of the Offering to repay, redeem or refinance existing indebtedness, which may include fully funding the redemption of the Company's January 2026 Notes (as defined below), as well as project level debt at Goreway Power Station, or Capital Power's credit facilities, or for general corporate purposes.
The Notes have been assigned a provisional rating of BBB- by S&P Global Ratings, BBB- by Fitch Ratings, Inc., and BBB (low) (stable) by DBRS Limited.
The Notes are being offered in Canada through a syndicate of investment dealers co-led by Scotia Capital Inc. and National Bank Financial Inc. under Capital Power's short form base shelf prospectus dated June 12, 2024 as supplemented by a prospectus supplement dated June 17, 2024 and a pricing supplement to be dated November 5, 2025. The short form base shelf prospectus, the prospectus supplement and the pricing supplement contain important detailed information about the Notes. Copies of these documents are, and in the case of the pricing supplement will be, available electronically on the System for Electronic Data Analysis and Retrieval + ("SEDAR+") at www.sedarplus.ca.
Redemption of January 2026 Medium Term Notes
Capital Power also announced that it has issued a notice of redemption in respect of all of its outstanding 4.986% medium term notes, due January 23, 2026 (the "January 2026 Notes"), for redemption on November 23, ...
