Atlantic Power redeems three series of its notes via loan proceeds

By Tali Rackner

Norfolk, Va., Feb. 27 - Atlantic Power Corp. used the proceeds from new term loans to redeem all $150 million of 5.87% series A senior guaranteed notes due 2015, all $75 million of 5.97% series B senior guaranteed notes due 2017 and all $190 million of 5.9% senior notes due 2014 issued by Curtis Palmer LLC, according to an 8-K filed with the Securities and Exchange Commission.

The notes were redeemed at par plus accrued interest and an applicable make-whole premium.

Atlantic Power is a Boston-based independent power producer.

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