Algonquin Power & Utilities Corp. Announces Closing of Private Offering of $150 million 4.82% Senior Unsecured Debentures

Algonquin Power & Utilities Corp. Announces Closing of Private Offering of 
$150 million 4.82% Senior Unsecured Debentures 
OAKVILLE, ON, Dec. 3, 2012 /CNW/ - Algonquin Power & Utilities Corp. ("APUC") 
(TSX: AQN) today announced that Algonquin Power Co. ("APCo"), APUC's 
non-regulated power generation subsidiary, has completed the previously 
announced private placement offering in Canada and the United States (the 
"Offering") of CDN$150 million 4.82% senior unsecured debentures with a 
maturity date of February 15, 2021 (the "APCo Debentures"). 
The APCo Debentures were sold at a price of $99.94 per $100.00 principal 
amount, resulting in an effective yield to maturity of 4.83% per annum. 
Interest payments will be payable on February 15 and August 15 each year, 
commencing on February 15, 2013. Concurrent with the Offering, APCo entered 
into a cross currency swap, coterminous with the APCo Debentures, to convert 
the Canadian dollar denominated Offering into U.S. dollars, resulting in an 
effective interest rate throughout the term of the APCo Debentures of 4.40% 
per annum. 
Net proceeds from the APCo Debentures will be used primarily to fund the 
remaining portion of the acquisition of a majority interest in a 400 MW 
portfolio of contracted wind farms in the United States. 
APCo has been provided long-term issuer credit ratings of "BBB (low)", with a 
"stable" trend, by DBRS Limited and "BBB-", with a "positive" outlook, by 
Standard & Poor's Rating Service. 
The APCo Debenture Offering was co-led by National Bank Financial and BMO 
Capital Markets. 
The offer and sale of the APCo Debentures have not been and will not be 
registered under the Securities Act of 1933, as amended (the "Securities 
Act"), or the securities laws of any state of the United States and may not be 
offered or sold in the United States or to United States persons (as defined 
in Regulation S under the Securities Act), except pursuant to an exemption 
from the registration requirements of the Securities Act and applicable state 
securities laws. Accordingly, the APCo Debentures are being offered only (i) 
in the United States to a limited number of qualified institutional accredited 
investors in transactions exempt from registration requirements of the 
Securities Act and (ii) outside the United States in compliance with 
Regulation S and the applicable laws of the jurisdictions where these offers 
and sales occur. 
About Algonquin Power & Utilities Corp. 
Algonquin Power & Utilities Corp. owns and operates a diversified portfolio of 
$1.9 billion of regulated and non-regulated utilities in North America. The 
company's regulated utility business provides water, electricity and natural 
gas utility services to more than 335,000 customers through its nationwide 
portfolio of regulated generation, transmission and distribution utility 
systems. The company's non-regulated electric generation subsidiary owns or 
has interest in renewable energy and thermal energy facilities representing 
more than 680 MW of installed capacity. Algonquin delivers continuing growth 
through an expanding pipeline of renewable power and clean energy projects, 
organic growth within its regulated utilities and the pursuit of accretive 
acquisition opportunities. Common shares and Preferred shares are traded on 
the Toronto Stock Exchange under the symbol AQN and AQN.PR.A respectively. 
Visit Algonquin Power and Utilities at and 
follow us on Twitter @AQN_Utilities. 
Caution Regarding Forward-Looking Information 
Certain statements included in this news release contain information that is 
forward-looking within the meaning of certain securities laws, including 
information and statements regarding prospective results of operations, 
financial position or cash flows. These statements are based on factors or 
assumptions that were applied in drawing a conclusion or making a forecast or 
projection, including assumptions based on historical trends, current 
conditions and expected future developments. Since forward-looking statements 
relate to future events and conditions, by their very nature they require 
making assumptions and involve inherent risks and uncertainties. APUC cautions 
that although it is believed that the assumptions are reasonable in the 
circumstances, these risks and uncertainties give rise to the possibility that 
actual results may differ materially from the expectations set out in the 
forward-looking statements. Material risk factors include those set out in the 
management's discussion and analysis section of APUC's most recent annual 
report, quarterly report, and APUC's Annual Information Form. Given these 
risks, undue reliance should not be placed on these forward-looking 
statements, which apply only as of their dates. Other than as specifically 
required by law, APUC undertakes no obligation to update any forward-looking 
statements or information to reflect new information, subsequent or otherwise. 
Kelly Castledine Algonquin Power & Utilities Corp. 2845 Bristol Circle, 
Oakville, Ontario, L6H 7H7 Telephone: (905) 465-4500 Twitter@AQN_Utilities 
SOURCE: Algonquin Power & Utilities Corp. 
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CO: Algonquin Power & Utilities Corp.
ST: Ontario
-0- Dec/03/2012 15:29 GMT
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