05:35 PM EDT, 08/26/2024 (MT Newswires) -- Capital Power ( CPXWF ) after trade Monday it priced a $600-million public offering of unsecured medium term notes.

The notes have a coupon rate of 4.831% and mature on Sept. 16, 2031.

The offering is expected to close on or about Sept. 16..

Capital Power ( CPXWF ) will use the proceeds to repay, redeem or refinance existing debt, including outstanding debt securities or Capital Power's ( CPXWF ) credit facilities, or for general corporate purposes.

Capital Power ( CPXWF ) shares closed up $0.42 to $44.85 on the Toronto Stock Exchange.