TransAlta Announces Public Offering of U.S. Senior Notes
CALGARY, ALBERTA -- (Marketwire) -- 11/02/12 -- TransAlta Corporation
(TransAlta) (TSX:TA) (NYSE:TAC) today announced its intention to
offer and sell its senior notes in a United States registered public
offering. TransAlta will use the net proceeds from the sale of the
notes to repay borrowings under existing credit facilities and for
general corporate purposes. The precise timing, size and terms of the
offering are subject to market conditions and other factors.
Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Merrill
Lynch, Pierce, Fenner & Smith Inc. are joint book-running managers
for the offering which is being made by way of a prospectus
supplement and base shelf prospectus that will be filed with the
United States Securities and Exchange Commission (the "SEC") to
TransAlta's short form base shelf prospectus which was previously
filed with the SEC.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or other jurisdiction.
A copy of the short form base shelf prospectus and the prospectus
supplement relating to the offering may be obtained from Citigroup
Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717, Telephone: (800) 831-9146, HSBC
Securities (USA) Inc., Attention: Transaction Management Group, HSBC
Tower 3, 425 5th Avenue New York, NY 10018, Telephone (866) 811-8049,
or Merrill Lynch, Pierce, Fenner & Smith Inc., Attention: Debt
Capital Markets, Bank of America Tower, 1 Bryant Park, New York, NY
10036, Telephone (800) 294-1322
About TransAlta Corporation
TransAlta is a corporation amalgamated under the Canada Business
Corporations Act. The registered office and principal place of
business of TransAlta are at 110 - 12th Avenue S.W., Calgary,
Alberta, Canada T2R 0G7. TransAlta generates and markets electricity
in Canada, the United States and Australia through its portfolio of
facilities fueled by coal, natural gas, hydroelectric, wind and
garding Forward-Looking Information
This press release contains forward-looking statements within the
meaning of securities laws, including the "safe harbour" provisions
of Canadian securities legislation and the United States Private
Securities Litigation Reform Act of 1995. Forward-looking information
is often, but not always, identified by the use of words such as
"anticipate," "believe," "expect," "plan," "intend," "forecast,"
"target, " "project," "guidance," "may," "will," "should," "could,"
"estimate," "predict" or similar words suggesting future outcomes or
language suggesting an outlook. Forward-looking statements in this
press release include, but are not limited to, the expected closing
date, the anticipated proceeds of the offering and the use of those
Forward-looking statements and information contained in this press
release are based on our current beliefs as well as assumptions we
have made and information currently available to us. Although we
consider these assumptions to be reasonable based on information
currently available to us, they may prove to be incorrect.
By their very nature, the forward-looking statements included in this
press release involve inherent risks and uncertainties, both general
and specific, and risks that predictions, forecasts, projections and
other forward-looking statements will not be achieved, including,
without limitation, the failure to close the offering discussed
herein on the terms disclosed herein or at all and the failure to use
the proceeds of the offering as disclosed herein. We caution readers
not to place undue reliance on these statements as a number of
important factors could cause the actual results to differ materially
from the beliefs, plans, objectives, expectations and anticipations,
estimates and intentions expressed in such forward-looking statements
as may be found under the heading "Risk Factors" in our annual
information form for the year ended December 31, 2011 and under the
heading "Risk Factors" in our management's discussion and analysis
for the year ended December 31, 2011.
Readers are cautioned that the foregoing list of factors that may
affect future results is not exhaustive. When relying on our
forward-looking statements to make decisions with respect to
TransAlta, investors and others should carefully consider the
foregoing factors and other uncertainties and potential events.
Furthermore, the forward-looking statements contained in this press
release are made as of the date of this document and we do not
undertake any obligation to update publicly or to revise any of the
included forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
applicable law. The forward-looking statements contained in this
press release are expressly qualified by this cautionary statement.
Note: All financial figures are in Canadian dollars unless noted
Director, Investor Relations
1-800-387-3598 in Canada and U.S.
Senior Corporate Relations Advisor
Toll-free media number: 1-855-255-9184
Local: (403) 267-2540
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