United States

Atlantic Power reports repricing of APLP Holdings term loan and revolver

Monday, 17 Apr 2017 05:00pm EDT 

April 17 (Reuters) - Atlantic Power Corp ::Atlantic Power announces repricing of aplp holdings term loan and revolver.Atlantic Power -repricing of $615 million senior secured term loan,$200 million senior secured revolving credit facility at aplp holdings ltd partnership unit.Atlantic Power -as a result of repricing, co expects to realize interest cost savings for remainder of 2017 of $2.4 million - sec filing.Atlantic Power Corp - interest rate margin on term loan and revolver has been reduced by 75 basis points to libor plus 425 basis points.Atlantic Power Corp - cumulative savings through maturity dates of term loan and revolver estimated to be about $17 million, net of transaction fees.