BRIEF-TransAlta Says Acquisition Of Two New Natural Gas-Fired Peaking Facilities Totaling 318 MW

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TravelCenters of America LLC

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- TransAlta Corp TA.TO:

  • TRANSALTA ANNOUNCES THE ACQUISITION OF TWO FULLY-CONTRACTED GAS ASSETS IN COLORADO AND CONCURRENT $350 MILLION BOUGHT DEAL OFFERING OF COMMON SHARES

  • TRANSALTA CORP - TOTAL TRANSACTION VALUE OF US$1.0 BILLION INCLUDES ASSUMPTION OF US$750 MILLION OF DEBT AND US$250 MILLION OF EQUITY

  • TRANSALTA CORP - ACQUISITION OF TWO NEW NATURAL GAS-FIRED PEAKING FACILITIES TOTALING 318 MW

  • TRANSALTA- ASSETS EXPECTED TO ADD ABOUT $80 MILLION OF ADJUSTED EBITDA PER YEAR FROM 162 MW MOUNTAIN PEAK POWER AND 156 MW CANYON PEAK POWER FACILITIES

  • TRANSALTA CORP - ENTERED INTO AN AGREEMENT WITH A SYNDICATE OF UNDERWRITERS LED BY CIBC CAPITAL MARKETS AND RBC CAPITAL MARKETS

  • TRANSALTA - UNDERWRITERS TO PURCHASE ON BOUGHT DEAL BASIS, 18.2 MILLION SHARES OF TRANSALTA AT $19.20 PER SHARE FOR GROSS PROCEEDS OF ABOUT $350 MILLION

  • TRANSALTA CORP - DEAL EXPECTED TO DELIVER IMMEDIATE LOW-TO-MID SINGLE DIGIT ACCRETION TO FREE CASH FLOW PER SHARE

Source text: ID:nGNXbJS1jf

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