Algonquin Power & Utilities Corp. Secures Financing for Kentucky Power Acquisition

By Global Infrastructure Sherpa · Apr 29, 2024

Acquisition Financing Utilities (Electric) announced United States Apr 29, 2024

Algonquin Power & Utilities Corp. secured financing from Credit Agricole CIB, National Bank of Canada, and Sumitomo Mitsui Banking Corporation to support its acquisition of Kentucky Power from American Electric Power (AEP).

Timeline

Announced

Apr 29, 2024

Signed

Closed

Counterparts (5)

Lender

Credit Agricole CIB

company · 4 deals

Credit Agricole CIB acted as a lender in one verified deal: the $870.75M green bond financing for a ...

National Bank of Canada

company · 1 deals

National Bank of Canada acted as a lender in one verified deal: a $1.5B financing for energy storage...

Sumitomo Mitsui Banking Corporation

Sumitomo Mitsui Banking Corporation (SMBC) is a Japanese bank that provides financial services globa...

Seller

American Electric Power

American Electric Power (AEP) is a major investor-owned electric public utility holding company in t...

Buyer

Algonquin Power & Utilities Co.

Algonquin Power & Utilities Corp. is a diversified generation, transmission, and distribution utilit...

Source

www.bnnbloomberg.ca

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