Q: Thank you for your recent update on Atlantic Power. The common shares do not provide a good investment opportunity at this time as outlined in your report. My question has to do with the convertible debentures. Below is a comment from quarterly update pertaining to convertible debentures as follows:
Our convertible debentures are currently trading at substantial discounts to par, and repurchases at these levels create value for our common shareholders by reducing our cash interest payments, delevering our balance sheet and improving our debt maturity profile," said James J. Moore, Jr., President & CEO of Atlantic Power.
Based on this comment is it a good time to buy the Atlantic Power Convertible debentures?
Thank you
Our convertible debentures are currently trading at substantial discounts to par, and repurchases at these levels create value for our common shareholders by reducing our cash interest payments, delevering our balance sheet and improving our debt maturity profile," said James J. Moore, Jr., President & CEO of Atlantic Power.
Based on this comment is it a good time to buy the Atlantic Power Convertible debentures?
Thank you