Capstone Infrastructure Corporation Prices Financing of Hydro Power Facilities and Sets New Dividend Policy

Capstone Infrastructure Corporation (TSX: CSE; CSE.DB.A; CSE.PR.A - the “Corporation”) today announced it has priced an approximately $100 million debt offering comprising $80.4 million of senior secured bonds and $20.2 million of subordinated secured bonds (collectively, the “Bonds”) to recapitalize its hydro power facilities. The financing is expected to close on or around June 6, 2012. The Corporation also announced that its Board of Directors has established a new common share dividend policy under which the Corporation intends to pay a quarterly dividend of $0.075 per share, or $0.30 per share on an annualized basis.... Read more

Older articles featuring CSE: