June 29, 2017 11:25 AM ET

Diversified Financial Services

Company Overview of TAPC Holdings LP

Company Overview

TAPC Holdings LP is a debt issuing vehicle. The company is based in Canada. TAPC Holdings LP operates as a subsidiary of TransAlta Corporation.

110-12Th Avenue S.W.

Calgary, AB T2R 0G7

Canada

Phone:

403 267-2014

Key Executives for TAPC Holdings LP

TAPC Holdings LP does not have any Key Executives recorded.

TAPC Holdings LP Key Developments

TAPC Holdings LP Completes Private Placement of $ 202.5 Million Aggregate Principal Amount of Senior Secured Floating Rate Bonds

TransAlta Corporation announced that its indirect wholly-owned subsidiary, TAPC Holdings LP, which holds TransAlta's interest in the Poplar Creek Cogeneration facility, has completed the private placement of $202.5 million aggregate principal amount of senior secured floating rate bonds. The Bonds, which mature on December 31, 2030, are secured by a first ranking charge over all the equity interests in the Issuer and its general partner, and a first ranking charge over all of the Issuer's accounts and certain other assets. The Bonds are amortizing and bear interest for each quarterly interest period at a rate per annum equal to the three-month Canadian Dollar Offered Rate in effect on the first day of such quarterly interest period plus 395 basis points. The interest rate for the initial period commencing on the date of issue and ending on December 31, 2016 is 4.828% per annum.

TAPC Holdings LP Raises $152.5 Million in Private Placement of Bonds

TAPC Holdings LP has completed a private placement of CAD 202.5 million ($152.5 million) aggregate principal amount of senior secured floating rate bonds. The bonds, which mature on December 31, 2030, are secured by a first ranking charge over all the equity interests in the Issuer and its general partner, and a first ranking charge over all of the issuer's accounts and certain other assets. The bonds are amortizing and bear interest for each quarterly interest period at a rate per annum equal to the three-month Canadian dollar offered rate in effect on the first day of such quarterly interest period plus 395 basis points. The interest rate for the initial period commencing on the date of issue and ending on December 31, 2016 is 4.828% per annum.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
December 7, 2016
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