Examples of Amortizing Term Loan in a sentence
In determining Level II fair values of other risk management assets and liabilities and the preferred shares of TEA and the Preferred Shares Tracking the Amortizing Term Loan measured and carried at fair value, the Corporation uses observable inputs other than unadjusted quoted prices that are observable for the asset or liability, such as interest rate yield curves and currency rates.
The preferred shares of TEA and Preferred Shares Tracking the Amortizing Term Loan were redeemed on Oct.
Cash and cash equivalents increased compared to 2019, mainly from the proceeds on redemption of the Preferred Shares Tracking the Amortizing Term Loan and redemption of the preferred shares of TEA that occurred in October 2020 and funds from the TEA demand loan to be used in the acquisition of the 303 MW Generation Portfolio from TransAlta.
Set out below are the key drivers of the changes arising from these investments:▪ A reduction in finance income of $7 million as a result of lower dividends received on the Preferred Shares Tracking the Amortizing Term Loan, which were redeemed on Oct.
In 2020, the Corporation received repayment on promissory notes from a subsidiary of TransAlta and and received proceeds from a partial redemption of the Preferred Shares Tracking the Amortizing Term Loan (refer to the Significant and Subsequent Events section in our 2020 annual MD&A).
Additionally, the Amortizing Term Loan and Wyoming Wind Acquisition Loan from TransAlta do not require the Corporation to maintain specified debt-to-capitalization or other ratios.The Corporation will be required to refinance, or otherwise repay, the CHD debentures as they become due, beginning in 2015 through 2018 (see Note 16).
Related party balances include the investments in subsidiaries of TransAlta, the risk management assets and liabilities, as well as the Amortizing Term Loan, Wyoming Wind Acquisition Loan, and credit facility disclosed in Note 10, the Class B shares liability, and the guarantees provided by the Corporation on behalf of TransAlta and TEA disclosed in Note 13.
The Preferred Shares Tracking the Amortizing Term Loan were redeemed on Oct.
The Corporation is exposed to market risk based on the changes in fair value of the Preferred Shares Tracking the Amortizing Term Loan.
Related party balances include the investment in preferred shares, the risk management assets and liabilities, as well as the Amortizing Term Loan, Wyoming Wind Acquisition Loan, and credit facility disclosed in Note 9.