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NPI.PR.A Northland Power Inc

16.75
-0.10 (-0.59%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Northland Power Inc TSX:NPI.PR.A Toronto Preference Share
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.10 -0.59% 16.75 16.50 17.00 16.75 16.63 16.63 300 20:59:59

Northland Power Announces Closing of Over-Allotment Option in Respect of Extendible Convertible Debentures

11/03/2014 8:54pm

Marketwired Canada


NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES OR ITS POSSESSIONS. ANY FAILURE TO COMPLY WITH THIS RESTRICTION
MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.


Northland Power Inc. ("Northland")
(TSX:NPI)(TSX:NPI.PR.A)(TSX:NPI.PR.C)(TSX:NPI.DB.A)(TSX:NPI.DB.B) announces
that, further to the bought deal offering of 5.00% extendible convertible
unsecured subordinated debentures, series B (the "Debentures") and common
shares, which closed on March 5, 2014, the underwriters have fully exercised
their over-allotment option in respect of the Debentures. As a result of the
over-allotment exercise, additional Debentures in the principal amount of
$3,750,000 were issued today resulting in an aggregate principal amount of
Debentures of $78,750,000.


The Debentures commenced trading on the TSX on March 5, 2014 under the symbol
NPI.DB.B. The first interest payment on the Debentures, accruing from March 5,
2014 to but excluding June 30, 2014, will be in the amount of $16.02 per $1,000
Debenture.


ABOUT NORTHLAND

Northland is an independent power producer founded in 1987, and publicly traded
since 1997. Northland develops, builds, owns and operates facilities that
produce 'clean' (natural gas) and 'green' (wind, solar, and hydro) energy,
providing sustainable long-term value to shareholders, stakeholders, and host
communities.


The company owns or has a net economic interest in 1,349 MW of operating
generating capacity, with an additional 110 MW (80 MW net to Northland) of
generating capacity currently in construction, and another 150 MW (79 MW net to
Northland) of wind, solar and run-of-river hydro projects with awarded power
contracts. In addition, Northland has acquired the rights to a majority equity
stake in Gemini. Northland's cash flows are diversified over five geographically
separate regions and regulatory jurisdictions in Canada, Europe and the United
States.


Northland's common shares, Series 1 and Series 3 preferred shares and
convertible debentures trade on the Toronto Stock Exchange under the symbols
NPI, NPI.PR.A, NPI.PR.C, NPI.DB.A and NPI.DB.B, respectively. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Northland Power Inc.
Barb Bokla
Manager, Investor Relations
647-288-1438


Northland Power Inc.
Adam Beaumont
Director of Finance
647-288-1929


Northland Power Inc.
Fax: (416) 962-6266
investorrelations@northlandpower.ca
www.northlandpower.ca

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