Atlantic Power pays down $37.5 million of term loan in second quarter

By Angela McDaniels

Tacoma, Wash., Aug. 7 – Atlantic Power Corp. repaid $37.5 million of its term loan during the second quarter, according to the company’s earnings release for the quarter.

The paydown puts the company on track to reduce total debt on a net basis by about $80 million this year, president and chief executive officer Barry Welch said in the news release.

The company reported $54 million of debt refinancing and repurchase costs for the first half of the year.

Atlantic Power is a Boston-based owner and operator of power generation assets.

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