Northland Power renews ATM program to further support funding of identified growth initiatives
September 07, 2022
750.00 Million CAD
On September 7, 2022, Northland Power Inc. (“Northland”) renewed its at-the-market equity program (“ATM Program”) to allow the Northland to issue up to an additional C$750 million of common shares from treasury to the public from time to time, at the Company’s discretion in connection with the ATM Program. The ATM Program provides Northland with an additional source of financial flexibility and will be activated at the Northland’s discretion if and as required based on the funding requirements of the Northland’s identified growth initiatives.
Agents include CIBC Capital Markets, National Bank Financial Inc., BMO Capital Markets, Desjardins Securities Inc., RBC Dominion Securities Inc., TD Securities Inc. and Scotia Capital Inc.
Northland Power is a global power producer dedicated to helping the clean energy transition by producing electricity from clean renewable resources.
McCarthy Tétrault advised CIBC Capital Markets, National Bank Financial Inc., and BMO Capital Markets, as executing agents, in connection with the renewal, with a team led by Jonathan Grant that included Wendi Locke, Michael Eldridge, and Will Horne.