TransAlta Announces Renewed Credit Facility
CALGARY - TransAlta Corporation (NYSE:TAC) (TSX:TA) today announced the renewal of its corporate credit facility. The $1.5 billion facility was successfully syndicated among 14 banks and replaces the previous $1.2 billion corporate facility. The increased size provides the company with more flexibility to manage its credit and liquidity requirements and maintain a strong financial position.=
TransAlta is Canada's largest non-regulated power generation and wholesale marketing company. We have close to $9 billion in coal-fired, gas-fired, hydro and renewable generation assets in Canada, the U.S., Mexico and Australia. With approximately 10,000 megawatts of capacity either in operation, under construction or in development, our focus is to efficiently operate our assets in order to provide our wholesale customers with a reliable, low-cost source of power.
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