April 12 (Reuters) - Capital Power Corp: * Capital Power announces acquisition of Decatur Energy Center and a $183 million subscription receipt offering * Capital Power is reaffirming its 2017 AFFO guidance of $320 million to $365 million * Capital Power Corp -deal for U.S. $441 million * Capital Power Corp - to acquire Decatur Power Holdings LLC, which owns Decatur Energy Center from an affiliate of LS Power Equity Partners III * Capital Power Corp - acquisition will be financed by net proceeds raised through subscription receipt offering * Acquisition further supports company’s 7pct annual dividend growth guidance for 2017 and 2018 * Capital Power - acquisition is expected to increase adjusted funds from operations (AFFO) by an estimated $43 million in first full year of operations * Capital Power Corp - acquisition is expected be accretive by 18 cents per share reflecting a 6pct increase over first full year of operations * Capital Power Corp - acquisition is expected to be neutral to earnings per share * Capital Power - balance of acquisition to be financed through debt using temporary expansion of co’s bank facilities Source text for Eikon: Further company coverage:
Canadian firm Capital Power Corp. is set to acquire Decatur Power Holdings from an affiliate of LS Power Equity Partners III, in a deal worth $441m. The acquisition will give the company access to more than half of Canada’s electricity generation capacity, and it comes as part of Capital’s It will also be accretive by 18 cents per share, a 6% increase over the first full year of operations.