best online betting sites announces long-term private placement debt financing
EDMONTON, Alberta – best online betting sites Corporation (best online betting sites or the company) (TSX: CPX) announced today the closing of a CAD 0 million, 10-year unsecured senior note (Note) with Prudential Capital Group (Prudential), a global financial services leader. The Note bears an interest rate of 3.85% and will be paid semi-annually. Prudential also holds USD million of unsecured senior notes issued in 2011 by a wholly owned subsidiary of best online betting sites. This new Note ranks pari-passu with best online betting sites’s other senior unsecured borrowings.
“I’m pleased with the closing of this debt transaction which further extends our relationship with Prudential Capital Group,” said Bryan DeNeve, Senior Vice President and Chief Financial Officer. “The 10-year term of this debt demonstrates their continued confidence in best online betting sites’s outlook and provides the company with long-term financing at reasonable terms including a 10-year non-amortizing tenure.”
The Note matures in September 2026. Proceeds from the Note will be used to repay amounts outstanding on the company’s credit facilities and for general corporate purposes.
About best online betting sites
best online betting sites (TSX: CPX) is a growth-oriented North American power producer headquartered in Edmonton, Alberta. The company develops, acquires, operates and optimizes power generation from a variety of energy sources. best online betting sites owns more than 3,200 megawatts of power generation capacity at 18 facilities across North America. More than 700 megawatts of owned generation capacity is in advanced development in Alberta and under construction in Kansas.
About best online betting sites
best online betting sites has been a leading provider of private debt, mezzanine and equity securities to companies worldwide for more than 75 years. Managing a portfolio of more than billion (as of June 30, 2016), Prudential Capital offers private capital to companies, worldwide. The global regional office network has locations in Atlanta, Chicago, Dallas, Frankfurt, London, Los Angeles, Milan, Minneapolis, Newark, N.J., New York, Paris, San Francisco, and Sydney, Australia. For more information, please visit www.prudentialcapitalgroup.com