TransAlta Announces US$500 Million of Senior Notes due 2018
May 06 2008 - 3:04PM
Marketwired
CALGARY, ALBERTA (NYSE: TAC) today announced it has priced an
offering of US$500 million of 6.65 per cent senior notes due in
2018. The senior notes were priced at 99.724 per cent for yield to
maturity of 6.688 per cent. The notes have been rated Baa2 (stable)
by Moody's Investor Service and BBB (stable) by Standard &
Poor's Rating Services, a division of McGraw-Hill, Inc. The net
proceeds from the offering will be used for debt repayment,
financing of TransAlta's long-term investment plan and for general
corporate purposes.
Citigroup Global Markets Inc. and HSBC Securities (USA) Inc.
acted as joint book-running managers for the offering. Copies of
the final prospectus relating to the notes offering may be obtained
from Citigroup Global Markets Inc. and from HSBC Securities (USA)
Inc. by calling 1-877-858-5407 or 1-212-525-3456, respectively. The
final prospectus will also be filed on SEDAR and EDGAR.
The offering of the notes was made pursuant to TransAlta's US$1
billion base shelf registration that was effective Oct. 16,
2006.
TransAlta is a power generation and wholesale marketing company
operating energy assets in Canada, the United States, Mexico and
Australia, including coal-fired, gas-fired, hydro and renewable
facilities.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or other
jurisdiction.
This news release may contain forward-looking statements,
including statements regarding the business and anticipated
financial performance of TransAlta Corporation. These statements
are subject to a number of risks and uncertainties that may cause
actual results to differ materially from those contemplated by the
forward-looking statements. Some of the factors that could cause
such differences include legislative or regulatory developments,
competition, global capital markets activity, changes in prevailing
interest rates, currency exchange rates, inflation levels and
general economic conditions in geographic areas where TransAlta
Corporation operates.
Contacts: TransAlta Corporation - Media inquiries Michael
Lawrence Senior Advisor, Media Relations (403) 267-7330 Email:
Michael_lawrence@transalta.com TransAlta Corporation - Investor
inquiries Jennifer Pierce Vice President, Communications &
Investor Relations (403) 267-7622 Email:
investor_relations@transalta.com TransAlta Corporation - Investor
inquiries Jess Nieukerk Senior Analyst, Investor Relations (403)
267-3607
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