Impact: Neutral, as the Company looks to refinance and reduce its outstanding credit facility. Including this bought deal, preferred equity will be valued at $675 mm - $725 mm; we would assume that the impact to CFPS and EPS will be net neutral as preferred share dividends will offset interest costs.
22 Sep 2016
ANNOUNCES $150 MM PREF OFFERING
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ANNOUNCES $150 MM PREF OFFERING
Capital Power Corporation (CPX:TSE) | 0 0 1.8% | Mkt Cap: 2,408m
- Published:
22 Sep 2016 -
Author:
Ian B. Gillies -
Pages:
2
Impact: Neutral, as the Company looks to refinance and reduce its outstanding credit facility. Including this bought deal, preferred equity will be valued at $675 mm - $725 mm; we would assume that the impact to CFPS and EPS will be net neutral as preferred share dividends will offset interest costs.