The company plans to use the net proceeds from this offering to expand its scope in certain projects, to accelerate its development activities, and for general corporate purposes.
The issue has no stated maturity. In addition, there is no common share dilution to existing shareholders because the issue is not convertible into common shares of the company. Also, there is no added debt to impact lenders and the issue can be redeemed at the ATP's option at any time. The dividend becomes payable in cash after April 2011 or after the repayment of the current outstanding term loan, whichever comes first.
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