TransAlta Renewables Announces $260 Million Financing of New Brunswick Wind Assets
TransAlta Renewables Inc. has announced that its indirect majority-owned subsidiary, Kent Hills Wind LP (the “Issuer”), priced an approximately $260 million bond offering, by way of a private placement, which will be secured by, among other things, a first ranking charge over all assets of the Issuer (the “Financing”). The bonds will be amortizing and will bear interest from their date of issue at a rate of 4.454%, payable quarterly and maturing on November 30, 2033.
