EPCOR Power L.P. completes C$210 million debt offering
EDMONTON, Alberta - June 23, 2006 - EPCOR Power L.P. (TSX: EP.UN) ("the Partnership") announced today that it has completed its first public offering in Canada of senior unsecured medium term notes in the aggregate principal amount of C$210 million. The notes have a coupon rate of 5.95 per cent and mature on June 23, 2036. The net proceeds of the offering will be used to repay the Partnership's $210 million term loan from a syndicate of banks.
These debt securities are rated A(low) by Dominion Bond Rating Service and A- by Standard & Poor's Ratings Service.
The offering was made in Canada under the Partnership's previously filed shelf prospectus dated June 15, 2006.
About EPCOR Power L.P.
Established in 1997, EPCOR Power L.P. is a limited partnership organized under the laws of the Province of Ontario. The Partnership owns and operates a portfolio of 11 power generation assets in Canada and the United States with total net generating capacity of 744 megawatts. The Partnership has the highest stability ratings of any power income fund, rated STA-1 (low) by Dominion Bond Ratings Services and SR-1 by Standard & Poor's. The Partnership's web-site is http://www.epcorpowerlp.ca/
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