04:44 PM EDT, 05/28/2025 (MT Newswires) -- Capital Power ( CPXWF ) after trade Wednesday announced the closing of a private offering of US$700 million aggregate principal amount of 5.257% senior notes due 2028 and US$500 million aggregate principal amount of 6.189% senior notes due 2035 issued by a subsidiary of the company.

A statement noted the notes are guaranteed by the company and its' subsidiaries that guarantee the company's revolving credit facilities.

Capital Power ( CPXWF ) said it intends to use the net proceeds from the offering to fund a portion of the purchase price for the previously announced acquisition of 100% of the equity interests in Hummel Station, LLC, which owns the 1,124 MW Hummel Station, a combined-cycle natural gas facility in Shamokin Dam, Pennsylvania, and 100% of the equity interests in Rolling Hills Generating, L.L.C., which owns the 1,023 MW Rolling Hills plant, a combustion turbine natural gas facility in Wilkesville, Ohio.

CPX was up $0.52 at $55.92 today.