Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
EnerCare and EnerCare Solutions Announce Offering by EnerCare Solutions of $225 Million of 4.60% Series 2013-1 Senior Unsecured Notes
Also Announce New Term Credit Facility and Intention to Redeem 6.75% Series 2009-2 Senior Unsecured Notes

TORONTO, ONTARIO -- (Marketwire) -- 01/29/13 -- EnerCare Inc. (TSX:ECI) and EnerCare Solutions Inc. ("EnerCare Solutions") today announced that EnerCare Solutions has entered into an agency agreement relating to the offering of $225 million aggregate principal amount of 4.60% Series 2013-1 Senior Unsecured Notes due February 3, 2020 (the "Notes"). The Notes will be sold at a price of $99.94 per $100.00 principal amount, with an effective yield of 4.61% per annum if held to maturity. The Notes will be offered under a prospectus supplement to EnerCare Solutions' short form base shelf prospectus dated July 20, 2012. The prospectus supplement will be filed with the securities regulatory authorities in each of the provinces and territories of Canada. The Notes are being offered in each of the provinces of Canada on a best efforts basis by a syndicate of agents led by TD Securities Inc. and National Bank Financial Inc., and including RBC Dominion Securities Inc. and CIBC World Markets Inc. The offering is expected to close on or about February 1, 2013.

EnerCare Solutions also today entered into a $60,000,000 term credit facility with the Canadian chartered bank affiliate of National Bank Financial Inc. The term credit facility is payable interest only until maturity in January 2016 and is prepayable in whole or in part at any time without penalty. The term credit facility bears interest at a rate of bankers' acceptances plus 120 basis points (at today's rate, approximately 2.46%) or prime plus 20 basis points at EnerCare's current credit rating. EnerCare Solutions expects to draw the full amount available under the term credit facility on or about the same day as the closing of the offering.

The proceeds of the offering and the drawdown of the term credit facility will be used by EnerCare Solutions to redeem all of its outstanding 6.75% Series 2009-2 Senior Unsecured Notes due April 30, 2014 (the "Series 2009-2 Notes"). The principal amount of Series 2009-2 Notes outstanding as of the date hereof is $270 million.

"This offering and term loan along with our refinancing in November 2012 creates a favourable capital structure for EnerCare," said John Macdonald, President and CEO. "It reduces the interest on our debt and provides staggered debt maturities with 3, 5 and 7 year terms and greater flexibility since we can prepay the term loan without penalty."

Promptly following closing of the offering, EnerCare Solutions intends to deliver a notice to Computershare Trust Company of Canada, as trustee for the Series 2009-2 Notes, with respect to the redemption of all of the issued and outstanding Series 2009-2 Notes in accordance with the terms of the trust indenture governing the Series 2009-2 Notes. EnerCare Solutions expects to redeem the Series 2009-2 Notes before March 31, 2013.

It is a condition of closing that the Notes are rated at least "BBB(high)", with a "stable" trend by DBRS Limited and "A-", with a "stable" outlook by Standard & Poor's Ratings Services, a division of The McGraw-Hill Companies, Inc.

The offering of the Notes is only being made by way of prospectus. The prospectus supplement and the short form base shelf prospectus, including the documents incorporated by reference therein, contain important information concerning these securities. Prospective investors should read the prospectus supplement and the short form base shelf prospectus before making an investment decision.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement or the short form base shelf prospectus.

The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered, sold or delivered, directly or indirectly, in the United States of America or to or for the account of U.S. persons.

Copies of the short form base shelf prospectus and, when filed, the prospectus supplement, relating to the offering of the Notes may be obtained from SEDAR at www.sedar.com.

About EnerCare Inc. and EnerCare Solutions Inc.

EnerCare and EnerCare Solutions own a portfolio of approximately 1.2 million installed water heaters and other assets, rented primarily to residential customers in Ontario. EnerCare also owns EnerCare Connections Inc., a leading sub-metering company, with metering contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada.

Additional information regarding EnerCare and EnerCare Solutions is available on SEDAR at www.sedar.com or through EnerCare's website at http://investors.enercare.ca. Information on the sub-metering business is also available at www.enercareconnections.com.

Contacts:
EnerCare Inc. and EnerCare Solutions Inc.
Evelyn Sutherland
CFO
416.649.1860
esutherland@enercare.ca
www.enercare.ca

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Cloud Developer Stories
up.time, from uptime software, monitors performance, availability and capacity across all servers, virtual machines, applications, IT services, and the network. Proactively find IT system performance issues before they happen, report on total capacity, easily identify troublemake...
This white paper digs deep into the reasons testing mobile apps is fundamentally harder than traditional web or desktop applications. A collaboration by Tina Zhuo and Dennis Schultz from IBM along with Yoram Mizrachi from Perfecto Mobile and John Montgomery from uTest, these expe...
Today's datacenters face a gauntlet of challenges including protection of physical and virtual environments, fast recovery of data, reducing backup times and storage requirements, server consolidation, and disaster recovery. How are savvy CIOs conquering these types of challenges...
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the ...
CodeFutures, a provider of agile Big Data technologies, on Tuesday announced the release of Cory Isaacson’s newest book, “Understanding Big Data Scalability.” Isaacson is the CEO/CTO for CodeFutures and an industry-leading innovator of data management software. “Understanding Big...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE

Breaking Cloud Computing News

Logitech International (SIX:LOGN)(Nasdaq:LOGI) today announced preliminary unaudite...