DEDHAM -
It is expected that these steps will still offer to the holders of Convertible Debentures the benefit of the 'make whole premium' contemplated by the indenture governing the Convertible Debentures. Additional details will be provided once these steps are substantially finalized.
As previously announced, the parties intend to close the Transaction without the approval of the holders of the Convertible Debentures unless a sufficient number of Convertible Debentures are voted in favor of the Transaction as currently structured.
In the interim, the Company also announced that it is adjourning the meeting (the 'Debentureholder Meeting') of holders of the Convertible Debentures currently scheduled to be held at
The Transaction remains subject to the satisfaction or waiver of certain conditions, including court approval of the Transaction, approval of the holders of Convertible Debentures, certain remaining regulatory approvals and third-party consents and other customary closing conditions. As previously disclosed, the Transaction has already received approval from the holders of common shares of the Company, preferred shares of APPEL and medium term notes of APLP, and the Transaction has also received certain required regulatory approvals, including an advance ruling certificate from the Canadian Commissioner of Competition under the Competition Act (
About
Contact:
Tel: (617) 977-2700
Email: info@atlanticpower.com
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this news release may constitute forward-looking information or forward-looking statements within the meaning of applicable securities laws (collectively, 'forward-looking statements'), which reflect the expectations of management regarding the future growth, results of operations, performance and business prospects and opportunities of the Company and its projects. These statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, can generally be identified by the use of the words 'plans', 'expects', 'does not expect', 'is expected', 'budget', 'estimates', 'forecasts', 'targets', 'intends', 'anticipates' or 'does not anticipate', 'believes', 'outlook', 'objective', or 'continue', or equivalents or variations, including negative variations, of such words and phrases, or state that certain actions, events or results, 'may', 'could', 'would', 'should', 'might' or 'will' be taken, occur or be achieved. Examples of such statements in this news release include, but are not limited to, statements with respect to whether the Transaction will close, the anticipated timing of any such closing of the Transaction and the timing and outcome of any Debenture holder Meeting, and the parties' intentions with respect to the Convertible Debentures if the Transaction is not approved by the required percentage of holders of the Convertible Debentures.
Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not or the times at or by which such performance or results will be achieved. Please refer to the factors discussed under 'Risk Factors' and 'Forward-Looking Information' in the Company's periodic reports as filed with the
(C) 2021 Electronic News Publishing, source