Capital Power announces successful completion of consent solicitation process for its 7.95% Fixed-to-Fixed Rate Subordinated Notes, Series 1

EDMONTON, Alberta, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Capital Power Corporation (“Capital Power”, the “Company”, “we”, “us” or “our”) (TSX: CPX) announced today the completion of a previously announced solicitation of consents (the “Consent Solicitation”) from holders (“Holders”) of its C$350M 7.95% Fixed-to-Fixed Rate Subordinated Notes, Series 1, due September 9, 2082 (the “Series 1 Notes”). Based on the report of the tabulation agent for the Consent Solicitation, the Consent Solicitation received strong support and was approved by Holders, significantly exceeding the required threshold of at least 66 2/3% of the aggregate outstanding principal amount of the Series 1 Notes.

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