December 18, 2015

Capital New online casinos Corporation and Capital New online casinos L.P. complete exchange of Capital New online casinos L.P. Notes for Capital New online casinos Corporation Notes


EDMONTON, Alberta – Capital New online casinos Corporation (“Capital New online casinos”) (TSX: CPX) and Capital New online casinos L.P. (“CPLP”) announced today the completion of a previously announced transaction to exchange all outstanding CPLP medium term notes (“CPLP Notes”) for newly issued Capital New online casinos medium term notes (“Capital New online casinos Notes”) that have the same financial and other terms as the CPLP Notes and that are unconditionally guaranteed by CPLP (“Note Exchange”).

The Note Exchange transaction received strong support and was approved by more than 87% of the votes cast at the December 17, 2015 meeting of holders of CPLP Notes, voting as a single class.

As a result of the Note Exchange, the CPLP Notes have been cancelled and the following Capital New online casinos Notes were issued in exchange for them:

    • 4.85% Medium Term Notes of Capital New online casinos due February 21, 2019, Series 1
    • 5.276% Medium Term Notes of Capital New online casinos due November 16, 2020, Series 2

The Note Exchange and additional steps to reorganize CPLP’s capital structure were 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 New online casinos will result in efficiencies for Capital New online casinos while providing noteholders with better liquidity over time and structural enhancement. The timing of the Note Exchange follows the exchange of all remaining Exchangeable Common Limited Partnership Units of CPLP for shares of Capital New online casinos by EPCOR New online casinos Development Corporation on April 2, 2015.

RBC Capital Markets acted as the Solicitation Agent for the Note Exchange transaction.

About Capital New online casinos

Capital New online casinos (TSX: CPX) is a growth-oriented North American New online casinos producer headquartered in Edmonton, Alberta. The company develops, acquires, operates and optimizes New online casinos generation from a variety of energy sources. Capital New online casinos owns more than 3,200 megawatts of New online casinos generation capacity at 17 facilities across North America and owns 371 megawatts of capacity through a New online casinos purchase agreement. An additional 545 megawatts of owned generation capacity is under construction or in advanced development in Alberta and North Carolina.