BRIEF-Capital Power announces C$150 mln offering of 6 pct cumulative minimum rate reset preferred shares

Thu Sep 22, 2016 9:35am EDT
 
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Sept 22 (Reuters) - Capital Power Corp :

* Capital power announces c$150 million offering of 6.00% cumulative minimum rate reset preferred shares

* Says will issue 6 million cumulative minimum rate reset preference shares, series 7 at a price of $25.00 per series 7 share

* Net proceeds of offering will be used to reduce indebtedness under Capital Power's credit facilities Source text for Eikon: Further company coverage: