On July 20, 2004, Algonquin Power Income Fund completed a public offering of 85,000 6.65 per cent convertible unsecured subordinated debentures at a price of $1,000 per debenture for gross proceeds of $85 million. The debentures are due July 31, 2011 and trade on the Toronto Stock Exchange. The offering was completed on a bought deal basis through a syndicate of underwriters co-led by BMO Nesbitt Burns Inc. and CIBC World Markets Inc., and included National Bank Financial Inc., TD Securities Inc., Scotia Capital Inc., RBC Dominion Securities Inc., Raymond James Ltd. and Canaccord Capital Corp.
Algonquin Power holds interests in power generating facilities and other renewable resource based facilities in Canada and the United States.
Algonquin Power was represented by Blake, Cassels & Graydon, with a team that included Ken Pearce, Ian Goldberg, Les Wong, Eric Moncik and Michael Stevenson.
The underwriters were represented by Cassels Brock & Blackwell, with a team that included Norman Findlay, Lawrence Wilder, Tom Koutoulakis and Howard Burshtein (securities) and Chris Norton (tax).
Algonquin Power holds interests in power generating facilities and other renewable resource based facilities in Canada and the United States.
Algonquin Power was represented by Blake, Cassels & Graydon, with a team that included Ken Pearce, Ian Goldberg, Les Wong, Eric Moncik and Michael Stevenson.
The underwriters were represented by Cassels Brock & Blackwell, with a team that included Norman Findlay, Lawrence Wilder, Tom Koutoulakis and Howard Burshtein (securities) and Chris Norton (tax).
