TransAlta Corporation Completes Preferred Securities Offering

TransAlta Corporation completed an offering if $17.5 million principal amount of 75 per cent unsecured junior subordinated debentures due December 31, 2050. The offering was underwritten by a syndicate of underwriters that was co-led by RBC Dominion Securities Inc. and Scotia Capital Inc., and included Merrill Lynch Canada Inc., TD Securities Inc., BMO Nesbitt Burns Inc., National Bank Financial inc., Canaccord Capital Corporation and Raymond James Ltd.

McCarthy Tetrault LLP acted for TransAlta Corporation with a team comprised of Bruce MacPhail, Michael Bennet, Elizabeth Osler (securities) and Doug Ewens, Q.C. (tax). Acting for the underwriters was a team from Blake, Cassels & Graydon Lp that included Brock Gobson, Scott Cochlan and Chad Schneider.