12:50 PM EDT, 05/13/2024 (MT Newswires) -- Capital Power ( CPXWF ) Monday said it is considering an offering of hybrid subordinated debt securities under its short form base shelf prospectus.

If completed, Capital Power ( CPXWF ) intends to allocate proceeds to repay certain amounts drawn on its credit facilities, to potentially redeem all of its outstanding Cumulative Minimum Rate Reset Preferred Shares, Series 11, and for general corporate purposes

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