Algonquin Power & Utilities Corp 6-K, filed Oct 6, 2023
Algonquin Power & Utilities Corp. (AQN)
6-K
2023-10-06
For: 2023-10-06
View Original
Added on
April 09, 2026
About this 6-K
Algonquin Power & Utilities Corp filed this 6-K on October 6, 2023.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
Date: October 6, 2023
Commission File Number: 001-37946
Algonquin Power & Utilities Corp.
(Translation of registrant’s name into English)
354 Davis Road
Oakville, Ontario, L6J 2X1, Canada
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7): ☐
EXHIBIT INDEX
The following exhibits are filed as part of this Form 6-K:
|
Exhibit
|
Description
|
|
|
Press Release dated October 6, 2023
|
||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
ALGONQUIN POWER & UTILITIES CORP.
|
|||
|
(registrant)
|
|||
|
Date: October 6, 2023
|
By:
|
/s/ Darren Myers | |
|
Name: Darren Myers
|
|||
|
Title: Chief Financial Officer
|
|||
Exhibit 99.1
Algonquin Power & Utilities Corp. Announces Redemption of its 6.875% Fixed-to-Floating Subordinated Notes – Series 2018-A due 2078
OAKVILLE, ON, October 6, 2023 – Algonquin Power & Utilities Corp. ("AQN", "Algonquin" or the "Company") (TSX: AQN) (NYSE: AQN) today announced that on November
6, 2023 (the "Redemption Date") it will redeem all $287,500,000 aggregate principal amount of its outstanding 6.875% Fixed-to-Floating Subordinated Notes – Series 2018-A due October 17, 2078 (CUSIP No. 015857 709) (the "Notes").
The Notes will be redeemed on the Redemption Date at a redemption price equal to the sum of 100% of the aggregate principal amount of the Notes
being redeemed plus accrued and unpaid interest thereon to, but not including, the Redemption Date. On and after the Redemption Date, interest will cease to accrue on the Notes, the Notes will cease to be outstanding, and the Notes will be
delisted from the New York Stock Exchange.
In order to collect the redemption price, holders of the Notes must surrender their Notes to the paying agent, Equiniti Trust Company, LLC (formerly known as
American Stock Transfer & Trust Company, LLC), at the following address:
Equiniti Trust Company, LLC
6201 15th Avenue
Brooklyn, NY 11219
(800) 937-5449
About Algonquin Power & Utilities Corp. and Liberty
Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international
generation, transmission, and distribution utility with over $17 billion of total assets. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation,
transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. In addition, AQN owns, operates, and/or has net interests in over 4 GW of installed renewable energy capacity.
AQN's common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and
AQN.PR.D, respectively. AQN's common shares, Series 2018-A subordinated notes (until redeemed), Series 2019-A subordinated notes and equity units are listed on the New York Stock Exchange under the symbols AQN, AQNA, AQNB, and AQNU, respectively.
Visit AQN at www.algonquinpower.com and follow us on Twitter @AQN_Utilities.
Cautionary Language Concerning Forward-Looking Statements
Certain statements included in this press release constitute "forward-looking information" within the meaning of applicable securities laws in each of the provinces
and territories of Canada and the respective policies, regulations and rules under such laws and "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking
statements"). The words "will" and "expects" (and grammatical variations of such terms) and similar expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying
words. Specific forward-looking statements in this press release include, but are not limited to, statements regarding the expected timing and completion of the redemption of the Notes and their delisting from the New York Stock Exchange. These
statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions and expected future developments. Since
forward-looking statements relate to future events and conditions, by their very nature they require making assumptions and involve inherent risks and uncertainties. AQN cautions that although it is believed that the assumptions are reasonable in
the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements. Forward-looking statements contained herein are provided for
the purposes of presenting information about management's current expectations and plans relating to the future and such information may not be appropriate for other purposes. Material risk factors and assumptions include those set out in AQN's
Annual Information Form and Management Discussion & Analysis for the year ended December 31, 2022, and in AQN's Management Discussion & Analysis for the three and six months ended June 30, 2023, each of which is available on SEDAR+ and
EDGAR.
Given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Other than as specifically required
by law, AQN undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise.