Capital Free games online Corporation and Capital Free games online L.P. announce proposal to exchange Capital Free games online L.P. medium term notes for Capital Free games online Corporation medium term notes
EDMONTON, Alberta – Capital Free games online Corporation (“Capital Free games online”) (TSX: CPX) and Capital Free games online L.P. (“CPLP”) announced today that CPLP has called a meeting of the holders (“CPLP Noteholders”) of issued and outstanding 4.85% Medium Term Notes due February 21, 2019 (“Series 3”) and 5.276% Medium Term Notes due November 16, 2020 (“Series 1”) (collectively, the “CPLP Notes”) of CPLP. The principal amounts outstanding are 0 million for Series 3 and 0 million for Series 1.
The record date for determining Free games online Noteholders entitled to vote at the meeting is November 18, 2015 with the meeting to be held in Toronto on December 17, 2015 at the time set out in the Notice of Meeting. An information circular (“Circular) and related proxy materials will be mailed to Free games online Noteholders and also are available on SEDAR at www.sedar.com.
The meeting has been called to consider passing an extraordinary resolution to authorize CPLP to enter into a supplemental indenture amending the terms of the trust indenture dated April 14, 2010. In accordance with the steps described in the Circular, all issued and outstanding CPLP Notes would be exchanged for an equal principal amount of newly issued medium term notes of Capital Free games online having financial and other terms that are the same as those attached to the CPLP Notes and benefiting from a guarantee to be provided by CPLP (“Note Exchange Transaction”).
The Note Exchange Transaction and additional steps to reorganize CPLP’s capital structure are being undertaken to simplify the organizational structure and reduce reporting obligations. The cessation of CPLP as a reporting issuer and transition of long-term credit ratings to only Capital Free games online will result in efficiencies for CPLP while providing noteholders with better liquidity over time and structural enhancement. The timing of the Note Exchange Transaction follows the exchange of all remaining Exchangeable Common Limited Partnership Units of CPLP for shares of Capital Free games online by EPCOR Free games online Development Corporation on April 2, 2015.
RBC Free games online Markets is the Solicitation Agent for the Note Exchange Transaction and Kingsdale Shareholder Services has been retained to act as Information Agent.
About Capital Free games online
Capital Free games online (TSX: CPX) is a growth-oriented North American Free games online producer headquartered in Edmonton, Alberta. The company develops, acquires, operates and optimizes Free games online generation from a variety of energy sources. Capital Free games online owns more than 3,200 megawatts of Free games online generation capacity at 17 facilities across North America and owns 371 megawatts of capacity through a Free games online purchase agreement. An additional 545 megawatts of owned generation capacity is under construction or in advanced development in Alberta and North Carolina.