TransAlta

TransAlta has successfully completed a bought-deal offering of common shares totaling US$350 million. Syndicate banks took the shares and sold them to investors, and the placement was fully subscribed. The transaction was confirmed in a filing with the U.S. SEC. » More on de.investing.com

TransAlta said in an SEC filing it will acquire two contractually committed gas plants in Colorado and intends to finance the transaction through a bought‑deal placement of common shares expected to generate gross proceeds of US$350 million. No further details were provided on the plants, the counterparties or the terms of the offering. The acquisition is part of TransAlta's strategy to expand its portfolio of contractually committed power generation assets (Ticker: NYSE:TAC). » More on de.investing.com

TransAlta agreed to buy two natural gas-fired peaking power plants in Colorado (318 MW) from Blackstone subsidiaries for $1 billion, including assuming $750 million of debt. The company plans a $350 million equity raise via a bought deal of 18.2 million common shares at $19.20 per share (underwriter option for an additional 2.7 million shares) and expects annual adjusted EBITDA of about $80 million and free cash flow of $33 million. The plants are secured by long-term tolling agreements with investment-grade customers; closing is expected in early Q4 2026, and the equity raise is to close around June 9, 2026. » More on de.investing.com