07:08 AM EDT, 05/14/2025 (MT Newswires) -- Capital Power ( CPXWF ) overnight Tuesday said it priced a private offering of US$700 million of 5.257% senior notes due 2028 and US$500 million of 6.189% senior notes due 2035 to be issued by its U.S. subsidiary, Capital Power ( CPXWF ).

The company expects the offering to close on or about May 28, subject to customary conditions.

The notes will be guaranteed by Capital Power ( CPXWF ) and its subsidiaries that guarantee the company's revolving credit facilities.

The company will 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.

If the acquisition is not completed, the company plans to use the net proceeds from the offering to fund special mandatory redemption and the remaining to finance future growth opportunities including acquisitions, finance capital development expenditures, reduce outstanding indebtedness or for other general corporate purposes.