Corporate ActionJun 9, 2026, 09:26 AM
TransAlta Closes $350M Share Offering to Fund Colorado Acquisition
AI Summary
TransAlta Corporation announced the closing of its previously announced bought deal offering of common shares. The company issued 18,230,000 common shares at $19.20 per share, raising approximately $350 million in gross proceeds. The net proceeds are intended to fund the cash purchase price for its acquisition of two natural gas-fired peaking facilities totaling 318 MW near Denver, Colorado, which is expected to close in early Q4 2026.
Key Highlights
- TransAlta closed its bought deal offering of 18,230,000 common shares.
- The shares were issued at a price of $19.20 per share.
- The offering generated total gross proceeds of approximately $350 million.
- Net proceeds will fund the acquisition of two 318 MW natural gas facilities near Denver, Colorado.
- The acquisition is expected to close early in the fourth quarter of 2026.
- Underwriters have a 30-day option for an additional 2,734,500 shares, worth $52.5 million.
Price Impact
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