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Algonquin Power & Utilities Corp T.AQN

Alternate Symbol(s):  AQN | T.AQN.PR.A | T.AQN.PR.D | AGQPF

Algonquin Power & Utilities Corp. is a Canada-based diversified international generation, transmission, and distribution company. The Company through its two business groups, the Regulated Services Group, and the Renewable Energy Group, provides sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. The Company is engaged in renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities. The Company owns, operates, and/or has net interests in over four gigawatts (GW) of installed renewable energy capacity. The Company is focused on its expanding global pipeline of renewable energy and electric transmission development projects, organic growth within its rate-regulated generation, distribution and transmission businesses, and the pursuit of accretive acquisitions.


TSX:AQN - Post by User

Comment by bmbruceon Oct 08, 2023 4:14pm
220 Views
Post# 35675349

RE:RE:New Press Release - Algonquin Power & Utilities Corp. Announces Redemption of its 6.875% Fixed-to-Floating Subordinated Notes - Series 2018-A due 2078

RE:RE:New Press Release - Algonquin Power & Utilities Corp. Announces Redemption of its 6.875% Fixed-to-Floating Subordinated Notes - Series 2018-A due 2078just an opinion.....they are likely exploring a range of strategies to fund the bond redemption… one potential approach involves the issuance of new debt, which may carry more favorable terms compared to the 6.875% fixed interest rate on the existing 6.875% fixed-to-floating subordinated notes issued in 2018…..this could be a means to secure the necessary funds for the redemption. …alternatively, they may have engaged in negotiations to sell off some non-core assets... additionally, the company might have some existing cash reserves on hand, which could cover a portion of the redemption cost…. they may be considering a combination of these methods....
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