Northland Power Corporate Presentation
Financial Strategy
Disciplined and flexible approach to project funding
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NORTHLAND
POWER
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Manages capital strategy with a high degree of selectivity in funding its capitalized
growth projects
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Focused on maintaining an investment grade rating
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Credit facilities support short-term funding needs with borrowings repaid from project
financings at financial close, corporate and/or project-level financing/re-financing
optimizations and/or sell downs at or before financial close
Free Cash Flow finances growth development expenditures (devex), corporate costs
that support growth and new initiatives
Partial sell-down of ownership interests in certain development assets on or before
financial close to complement existing sources of funding
Additional funding sources help improve Northland's financial flexibility, while
supporting the capital and credit requirements for development projects.
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Project Funding
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Northland Equity
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Sell-Down Partner
Equity
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Sell-Down Premium
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Senior Debt
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Green Corporate
Hybrids
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