CALGARY, Feb. 2, 2018 /CNW/ - TransAlta Corporation
("TransAlta" or the "Company") (TSX: TA; NYSE: TAC) today announced
that it has called for the redemption of its outstanding
US$500 million 6.65% senior notes
maturing May 15, 2018 (the "Senior
Notes"). The Senior Notes will be redeemed on March 15, 2018 at a price equal to the greater
of: (i) 100% of the principal amount of the Senior Notes and (ii)
the sum of the present values of the remaining scheduled payments
of principal and interest thereon discounted to the redemption date
on a semi-annual basis at the treasury rate plus 45 basis points,
plus in each case, accrued interest thereon to the date of
redemption.
About TransAlta Corporation:
TransAlta owns, operates and develops a diverse fleet of
electrical power generation assets in Canada, the United
States and Australia with a
focus on long-term shareholder value. We provide municipalities,
medium and large industries, businesses and utility customers
clean, affordable, energy efficient, and reliable power. Today, we
are one of Canada's largest
producers of wind power and Alberta's largest producer of hydro-electric
power. For over 100 years, TransAlta has been a responsible
operator and a proud community-member where its employees work and
live. TransAlta aligns its corporate goals with the UN
Sustainable Development Goals and we have been recognized by
CDP (formerly Climate Disclosure Project) as an industry leader on
Climate Change Management. We are also proud to have achieved
the Silver level PAR (Progressive Aboriginal Relations)
designation by the Canadian Council for Aboriginal
Business.
For more information about TransAlta, visit our web site
at transalta.com.
Forward-Looking Statements
This news release contains forward-looking statements and
forward-looking information within the meaning of applicable
securities laws. The use of any of the words "expect",
"anticipate", "continue", "estimate", "may", "will", "project",
"should", "propose", "plans", "intends" and similar expressions are
intended to identify forward-looking information or statements.
More particularly, and without limitation, this news release
contains forward-looking statements and information relating to the
redemption of the Senior Notes, including the timing of such
redemption. These statements are based on TransAlta's belief and
assumptions based on information available at the time the
assumptions were made. These statements are subject to a number of
risks and uncertainties that may cause actual results to differ
materially from those contemplated by the forward-looking
statements. Some of the factors that could cause such differences
include: legislative or regulatory developments; and continued
availability of capital. Readers are cautioned not to place undue
reliance on these forward-looking statements or forward-looking
information, which reflect TransAlta's expectations only as of the
date of this news release. TransAlta disclaims any intention or
obligation to update or revise these forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
SOURCE TransAlta Corporation