Algonquin Power & Utilities Corp. Announces Private Offering of Senior Unsecured Debentures

Algonquin Power & Utilities Corp. Announces Private Offering of Senior 
Unsecured Debentures 
/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR 
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES./ 
OAKVILLE, ON, Jan. 14, 2014 /CNW/ - Algonquin Power & Utilities Corp. ("APUC") 
(TSX: AQN) today announced that Algonquin Power Co. ("APCo"), APUC's 
non-regulated power generation subsidiary, offered for sale CDN$200 million 
4.65% senior unsecured debentures with a maturity date of February 15, 2022 
(the "APCo Debentures") pursuant to a private placement in Canada and the 
United States (the "Offering"). The APCo Debentures were offered at a price of 
$99.864 per $100.00 principal amount, resulting in an effective yield to 
maturity of 4.671% per annum. 
Net proceeds from the APCo Debentures will be used for one or more of the 
following uses: towards financing the acquisition of the remaining 40% 
ownership interest in its three wind farms in the U.S., to reduce amounts 
outstanding on project debt related to its Shady Oaks wind farm, to reduce 
amounts outstanding under its bank credit facility and for general corporate 
purposes. Concurrent with the Offering, APCo is entering 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 approximately 4.773%. 
"We continue to strengthen our power portfolio through this additional 
investment in wind generation in the U.S. market where we see tremendous 
opportunities for sustained growth over the long term", commented David 
Bronicheski, Chief Financial Officer of APUC. "Our investment grade, senior 
unsecured financing platform provides us with excellent access to the debt 
capital markets as a key element of our financing strategy as we continue 
growing our contracted independent power portfolio and add accretive earnings 
and cash flow to our business". 
APCo has been provided long-term issuer credit ratings of "BBB", with a 
"stable" outlook, by Standard & Poor's Rating Service and "BBB (low)", with a 
"stable" trend, by DBRS Limited. 
The APCo Debenture offering is being co-led by National Bank Financial and 
Scotiabank and is expected to close on or about January 17, 2014. 
THE OFFER AND SALE OF THE ALGONQUIN POWER CO. DEBENTURES HAS NOT BEEN AND WILL 
NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE 
"SECURITIES ACT") OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES.  
THEREFORE, THIS COMMUNICATION DOES NOT CONSTITUTE AN OFFER TO SELL OR A 
SOLICITATION OF AN OFFER TO BUY ANY OF THE DEBENTURES IN THE UNITED STATES AND 
THE DEBENTURES MAY NOT BE SOLD IN THE UNITED STATES OR TO U.S. PERSONS (AS 
DEFINED IN RULE 902(K) OF REGULATION S UNDER THE SECURITIES ACT), EXCEPT 
PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENT OF THE SECURITIES 
ACT AND APPLICABLE STATE SECURITIES LAWS. ACCORDINGLY, THE ALGONQUIN POWER CO. 
DEBENTURES ARE BEING OFFERED ONLY (1) TO A LIMITED NUMBER OF QUALIFIED 
INSTITUTIONAL ACCREDITED INVESTORS IN TRANSACTIONS EXEMPT FROM THE 
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND (2) OUTSIDE THE UNITED 
STATES IN COMPLIANCE WITH REGULATION S AND THE APPLICABLE LAWS OF THE 
JURISDICTIONS WHERE THOSE OFFERS AND SALES OCCUR. 
About Algonquin Power & Utilities Corp. 
Algonquin Power & Utilities Corp. owns and operates a diversified $3.2 billion 
portfolio of regulated and non-regulated utilities in North America. The 
regulated utility business provides water, electricity and natural gas utility 
services to over 470,000 customers through a portfolio of regulated 
generation, transmission and distribution utility systems. The non-regulated 
electric generation subsidiary owns or has interests in renewable energy and 
thermal energy facilities representing more than 1,100 MW of installed 
capacity. Algonquin Power & Utilities Corp. 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 symbols AQN and AQN.PR.A respectively. Visit 
Algonquin Power and Utilities at www.AlgonquinPowerandUtilities.com 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, including the anticipated 
closing date of the debenture financing and intended use of proceeds, 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.
 

SOURCE  Algonquin Power & Utilities Corp. 
Kelly Castledine Algonquin Power & Utilities Corp. 2845 Bristol Circle, 
Oakville, Ontario, L6H 7H7 Telephone: (905) 465-4500 
Website:www.AlgonquinPowerandUtilities.com Twitter@AQN_Utilities 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/January2014/14/c8681.html 
CO: Algonquin Power & Utilities Corp.
ST: Ontario
NI: OIL NEWSTK  
-0- Jan/14/2014 21:45 GMT
 
 
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