Company: TSLTF
Filing Date: 2025-12-12
Form Type: SUPPL
Source: 0001193125-25-317786
Chunk: 353

Company: TRANSALTA CORP
Filing Date: 2025-12-12
Form: SUPPL
Chunk 353
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, the size of the Syndicated credit facility was reduced from $1.95 billion to $1.9 billion and the maturity was extended by one year to June 30, 2029. During the third quarter of 2025, the maturity of the Bilateral credit facilities in the aggregate amount of $240 million was extended by one year to June 30, 2027. Credit facilities are the primary source of short-term liquidity after internally generated cash flow. The Company is in compliance with the terms of its credit facilities and all undrawn amounts are fully available. Letters of credit in the amount of $212 million were issued from non-committeddemand facilities which are fully backstopped, thereby reducing the available capacity on the committed credit facilities. In addition to the net $1.3 billion of committed capacity available under the credit facilities, the Company had $211 million of available cash and cash equivalents as at Sept. 30, 2025. TransAlta’s debt has terms and conditions, including financial covenants, that are considered ordinary and customary. As at Sept. 30, 2025, the Company was in compliance with all of its debt covenants.

| F28 |     | TransAlta Corporation |

B. Senior Notes Offering On March 24, 2025, the Company issued $450 million of senior notes with a fixed annual coupon of 5.625 per cent, maturing on March 24, 2032. The notes are unsecured and rank equally in right of payment with all existing and future senior indebtedness and senior in right of payment to all future subordinated indebtedness. Interest payments on the notes are made semi-annually, on March 24 and Sept. 24, with the first payment having been made on Sept. 24, 2025. C. Term Loan Facility Early Repayment On March 25, 2025, the Company repaid its $400 million variable rate term loan facility in advance of the scheduled maturity date of Sept. 7, 2025, with the proceeds received from the $450 million senior notes offering. D. Heartland Credit Facilities As part of the Heartland acquisition on Dec. 4, 2024, the Company assumed a term facility and revolving facility with a syndicate of banks. As at Sept. 30, 2025 the drawn term facility was $204 million. Scheduled repayments totalling $20 million made under the term facility during the nine months ended Sept. 30