Impact: Positive. To supplement the recent $250 mm increase in IPL's revolving credit facility, the newly announced $350 mm debt issuance will provide flexibility ahead of the closing of the Williams Canada asset acquisition. These two aforementioned capital raises were previously noted with the acquisition as the primary funding methods, so the announcements do not come by surprise. Upon closing the acquisition, IPL intends to reinstate the dividend reinvestment program which should generate
08 Sep 2016
ANNOUNCES $350 MM MEDIUM-TERM NOTE OFFERING
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ANNOUNCES $350 MM MEDIUM-TERM NOTE OFFERING
- Published:
08 Sep 2016 -
Author:
Ian B. Gillies -
Pages:
2
Impact: Positive. To supplement the recent $250 mm increase in IPL's revolving credit facility, the newly announced $350 mm debt issuance will provide flexibility ahead of the closing of the Williams Canada asset acquisition. These two aforementioned capital raises were previously noted with the acquisition as the primary funding methods, so the announcements do not come by surprise. Upon closing the acquisition, IPL intends to reinstate the dividend reinvestment program which should generate