Company: TSLTF
Filing Date: 2025-12-12
Form Type: SUPPL
Source: 0001193125-25-317786
Chunk: 148

Company: TRANSALTA CORP
Filing Date: 2025-12-12
Form: SUPPL
Chunk 148
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 Demand                      
 facilities                  |     |      400 |     |          |         220 |     |        — |     |       180 |     | N/A      |
| Total Non-committed         |     |      400 |     |          |         220 |     |        — |     |       180 |     |          |

| (1) | TransAlta has obligations to issue letters of credit and cash collateral to secure potential                                                                                                                                                        
 liabilities to certain parties, including those related to potential environmental obligations, commodity risk management and hedging activities, pension plan obligations, construction projects and purchase obligations. Letters of credit drawn 
 against the non-committed facilities reduce the available capacity under the committed syndicated credit facilities. At Dec. 31, 2024, TransAlta provided cash collateral of $124 million.                                                          |

In the second quarter of 2024, the Term Facility of $400 million was renewed with the maturity extended by one year to September 2025. The syndicated credit facility and bilateral credit facilities were also extended by one year to June 2028 and June 2026, respectively. The credit facilities are the primary source of short-term liquidity after the cash flow generated from the Company’s business. Heartland Credit Facilities As part of the Heartland acquisition on Dec. 4, 2024, the Company assumed a $232 million drawn term facility and a $25 million revolving facility with a syndicate of banks, (collectively Heartland Credit Facilities). At Dec. 31, 2024 the drawn term facility was $224 million. The $25 million revolving facility is undrawn and available for working capital and general corporate purposes. The maturity date for the Heartland Credit Facilities is Dec. 22, 2027. The Heartland Credit Facilities also include a $27 million debt service reserve letter of credit facility. As at Dec. 31, 2024 $14 million in letters of credit have been issued under this facility. Heartland EDC Letter of Credit Facility As part of the Heartland acquisition, the Company has access to a $50 million unsecured letter of credit facility with two Canadian banks, which is supported by a performance security guarantee from Export Development Canada (EDC). As at Dec. 31, 2024, $14 million in letters of credit have been issued under this facility. The facility is effective until March 31, 2025. Senior Notes A total of US$300 million (2023 — US$370 million