TransAlta Launches Public Offering Of U.S. Senior Notes

By RTT News, 
A A A


(RTTNews.com) - TransAlta Corp. (TA.TO, TAC) said Thursday that it has commenced a public offering of its senior notes in a U.S. registered public offering.

The company said it will use the net proceeds from the sale of the notes to repay borrowings under existing credit facilities and for general corporate purposes.

The precise timing, size and terms of the offering are subject to market conditions and other factors.

HSBC Securities (USA) Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated are joint book-running managers for the offering.

For comments and feedback: contact editorial@rttnews.com

http://www.rttnews.com



This article appears in: Bonds

Referenced Stocks: TAC

RTT News


More from RTT News:

Related Videos

How to Save Money at Bars
How to Save Money at Bars           

Stocks

Referenced

Most Active by Volume

44,823,339
  • $75.19 ▲ 0.28%
43,744,171
  • $3.44 ▼ 0.29%
42,340,022
  • $97.671 ▲ 0.66%
34,178,145
  • $17.62 ▼ 1.23%
34,028,998
  • $15.59 ▼ 0.19%
32,055,708
  • $21.23 ▼ 2.41%
31,539,235
  • $3.76 ▲ 0.80%
30,434,619
    $34.25 unch
As of 7/25/2014, 04:03 PM