Brookfield deploys the first $350 mln of TransAlta financing
Calgary-based power generation company TransAlta Corp (TSX: TA) has initially closed a $750 million investment by Brookfield Asset Management. Brookfield Renewable Partners invested $350 million in exchange for unsecured, subordinated debentures. The rest will be invested in October 2020 in exchange for a new series of redeemable, retractable first preferred shares. The deal, announced in March, is intended to help TransAlta become a clean energy producer by 2025. Brookfield's Harry Goldgut and Richard Legault were recently elected to the board.
2 May 2019•3 mins read
