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BRIEF-Atlantic Power Corp announces repricing of APLP Holdings term loan
October 19, 2017 / 9:23 PM / a month ago

BRIEF-Atlantic Power Corp announces repricing of APLP Holdings term loan

Oct 19 (Reuters) - Atlantic Power Corp

* Atlantic Power Corporation announces repricing of APLP holdings term loan and revolver and repayment of Piedmont project debt

* Atlantic Power Corp - repricing of $563 million senior secured term loan and $200 million senior secured revolving credit facility at its unit

* Atlantic Power Corp - ‍as a result of the repricing, company expects to realize interest cost savings in 2018 of approximately $4 million​

* Atlantic Power Corp -‍ combined savings of both repricing transactions is expected to be approximately $33 million over terms of facilities​

* Atlantic Power - ‍cumulative savings through maturity dates of term loan and revolver are estimated to be approximately $15 million​

* Atlantic Power Corp - on October 12​, co ‍repaid $54.6 million non-recourse project debt outstanding at its piedmont plant

* Atlantic Power - ‍decision to repay Piedmont maturity from discretionary cash brings total debt repayment expected in 2017 to approximately $166 million​ Source text for Eikon: Further company coverage:

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