Press release from Marketwire
Northland Power Announces Closing of North Battleford Bonds
Friday, September 20, 2013
Northland Power Announces Closing of North Battleford Bonds17:48 EDT Friday, September 20, 2013
TORONTO, ONTARIO--(Marketwired - Sept. 20, 2013) -
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) today announced the closing of $667.3 million in 4.958% senior secured amortizing Series A bonds issued by its wholly owned subsidiary, North Battleford Power L.P. ("North Battleford"). For more details on the transaction, please refer to Northland's press release of September 17, 2013. Click here to view the press release: http://www.northlandpower.ca/InvestorCenter/News/PressReleases/PressRelease.aspx?prid=2114#m=3.
Northland Power is an independent power producer founded in 1987, and publicly traded since 1997. Northland produces '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 1,319 MW of operating generating capacity, with an additional 90 MW of generating capacity currently in construction, and another 200 MW of wind, solar and run-of-river hydro projects with awarded power contracts. In addition, Northland has acquired the rights to acquire a majority equity stake in Gemini, a 600 MW offshore wind project located 85 km off the coast of the Netherlands in the North Sea. Northland's cash flows are diversified over five geographically separate regions and regulatory jurisdictions in Canada, Europe and the United States.
Northland Power'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 and NPI.DB.A, respectively.
FOR FURTHER INFORMATION PLEASE CONTACT:
Northland Power Inc.
Northland Power Inc.
Director of Finance
(416) 962-6266 (FAX)