Alterra Power MGMXD

Utilities Utilities - Independent Power Producers

Alterra Power Corp is a renewable energy company. It is primarily focused on development, construction, and operation of renewable power projects. The company's business has four major segments - Construction and Development, Geothermal, Hydro, Wind, and Solar.

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Alterra Power > Alterra Power Arranges Extension to Iceland Bond

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Comment by R_J_on Jul 21, 2016 3:37am

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Post# 25071218

RE:RE:RE:RE:RE:RE:Alterra Power Arranges Extension to Iceland Bond

Alterra Power Arranges Extension to Icelandic Bond

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[By the way - this is my 1st attempt at posting using the new Windows 10 Microsost Edge browser, ‘InPrivacy’ mode. Let’s see if the link ‘pops’.]
[Oops, I could not get to 1st base - Switching to the Google Brouser under Windows 10.]

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https://www.alterrapower.ca/news/Press-Release/News-Releases/News-Releases-Details/2016/Alterra-Power-Arranges-Extension-to-Iceland-Bond/default.aspx

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Louis James Comments

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This extension is not the renegotiation of debt we were hoping for, but with the local governments complicating the situation, it’s about the best that could be hoped for.

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It sure beats having to cough up all the cash this year.

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Hopefully, increased free cash flow from the Shannon Wind Farm and the Jimmy Creek hydro project will help Alterra pay this off early.

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Meanwhile, the market seems happy with the company’s achievements this year, and our shares are up.

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End Quote.

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RJ

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