TransAlta Corp. to Offer Senior Notes in U.S.
November 14 2022 - 8:07AM
Dow Jones News
By Adriano Marchese
TransAlta Corp. said Monday that it has begun a public offering
of its senior notes in the U.S. to repay certain of its debts.
The Canadian clean-energy company said that it intends to use
the proceeds to repay 100 million Canadian dollars (US$75.4
million) drawn on its credit facility as well as replace
balance-sheet cash which it used to repay its unsecured senior
notes on Nov. 15.
TransAlta said it would also allocate an equal amount of money
to what it raises towards new or existing eligible green projects
in line with its green-bond framework.
The company said the details of the offering, including the
timing, size and terms, are subject to market conditions.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
November 14, 2022 07:52 ET (12:52 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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