By Cristal Cody
Prospect News, Sept. 23 - Westport Innovations Inc. announced on Friday that it sold C$36 million of unsecured subordinated debentures due Sept. 22, 2014 on a private placement basis.
The bonds carry a 9% coupon.
Macquarie Private Wealth Inc. was the manager.
The debentures were sold to replace previously issued debentures that matured in July.
Vancouver, B.C.-based Westport Innovations creates and operates alternative fuel, low-emissions technologies that allow engines to operate on clean-burning fuels.
| Issuer: | Westport Innovations Inc.
|
| Amount: | C$36 million
|
| Maturity: | Sept. 22, 2014
|
| Securities: | Unsecured subordinated debentures
|
| Bookrunner: | Macquarie Private Wealth Inc.
|
| Coupon: | 9%
|
| Pricing date: | Sept. 23
|
| Distribution: | Canada
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