TransAlta announces pricing of US $300 million senior notes offering
CALGARY, ALBERTA–(Marketwire – Mar 9, 2010) – TransAlta Corporation (TSX:TA) (NYSE:TAC) (”TransAlta”) now voiced it has labelled an charity of US$300 million in total principal volume of 6.50% comparison records due 2040 at an emanate cost next to to 98.648% of the principal volume of the notes. TransAlta intends to have make have make use of of of of the net deduction from the charity to pay off borrowings underneath existent credit comforts and for ubiquitous corporate purposes. The records have been approaching to be rated BBB by Standard & Poor’s Rating Services, a multiplication of McGraw-Hill, Inc., and Baa2 by Moody’s Investor Service Inc. A bonds rating is not a letter of reference to buy, sell or reason bonds and might be theme to rider or withdrawal at any time.
Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Wells Fargo Securities, LLC have been corner book-running managers for the offering. A duplicate of the short form bottom shelf handbill and the handbill addition relating to the charity might be performed from Citigroup Global Markets Inc., Attention: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York 11220 (1-877-858-5407), HSBC Securities (USA) Inc., Attention: Transaction Management Group, c/o Broadridge, 1155 Long Island Avenue, Bay 1-7, Edgewood, New York 11717 (1-866-811-8049) or Wells Fargo Securities, LLC, Attention: Syndicate Operations; 1525 West W.T. Harris Blvd., NC0675, Charlotte, North Carolina, 28262 (1-800-326-5897) or around email: prospectus.specialrequests@wachovia.com.
The charity of the records was done underneath TransAlta’s US$1.0 billion bottom shelf registration which was in effect Nov 18, 2008.
This press recover shall not consecrate an suggest to sell or the questionnaire of an suggest to buy, nor shall there be any sale of these bonds in any bureau in which such offer, questionnaire or sale would be wrong before to registration or gift underneath the bonds laws of any such state or alternative jurisdiction.
About TransAlta
TransAlta is a house amalgamated underneath the Canada Business Corporations Act. The purebred bureau and principal place of commercial operation of TransAlta have been at 110 – 12th Avenue S.W., Calgary, Alberta, Canada T2P 2M1. TransAlta generates and markets physical phenomenon in Canada, the United States and Australia by the portfolio of comforts fueled by coal, healthy gas, hydroelectric, breeze and geothermal resources.
Caution Regarding Forward-Looking Information
This press recover contains forward-looking statements inside of the definition of bonds laws, together with the “safe harbour” supplies of Canadian bonds legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-looking report is often, but not always, identified by the have make have make use of of of of of difference such as “anticipate,” “believe,” “expect,” “plan,” “intend,” “forecast,” “target, ” “project,” “guidance,” “may,” “will,” “should,” “could,” “estimate,” “predict” or identical difference suggesting destiny outcomes or denunciation suggesting an outlook. Forward-looking statements in this press recover include, but have been not singular to, the approaching shutting date, the expected deduction of the charity and the have make have make use of of of of of those proceeds.
Forward-looking statements and report contained in this press recover have been formed on the stream ideology as good as assumptions we have done and report now accessible to us. Although we cruise these assumptions to be in accord with formed on report now accessible to us, they might infer to be incorrect.
By their really nature, the forward-looking statements enclosed in this press recover engage fundamental risks and uncertainties, both ubiquitous and specific, and risks which predictions, forecasts, projections and alternative forward-looking statements will not be achieved, including, but limitation, the disaster to tighten the charity discussed herein on the conditions disclosed herein or at all and the disaster to have make have make use of of of of the deduction of the charity as disclosed herein. We counsel readers not to place unjustified faith on these statements as a series of critical factors could means the tangible formula to talk about materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions voiced in such forward-looking statements as might be found underneath the streamer “Risk Factors” in the annual report form for the year finished Dec 31, 2009 and underneath the streamer “Risk Factors” in the management’s contention and research for the year finished Dec 31, 2009.
Readers have been cautioned which the foregoing list of factors which might start destiny formula is not exhaustive. When relying on the forward-looking statements to have decisions with apply oneself to TransAlta, investors and others should delicately cruise the foregoing factors and alternative uncertainties and intensity events. Furthermore, the forward-looking statements contained in this press recover have been done as of the date of this request and we do not commence any requisite to refurbish publicly or to correct any of the enclosed forward-looking statements, either as a outcome of brand new information, destiny events or otherwise, solely as compulsory by germane law. The forward-looking statements contained in this press recover have been specifically competent by this cautionary statement.
