0001140361-20-013455.txt : 20200610 0001140361-20-013455.hdr.sgml : 20200610 20200609193237 ACCESSION NUMBER: 0001140361-20-013455 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200605 FILED AS OF DATE: 20200610 DATE AS OF CHANGE: 20200609 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALGONQUIN POWER & UTILITIES CORP. CENTRAL INDEX KEY: 0001174169 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37946 FILM NUMBER: 20953217 BUSINESS ADDRESS: STREET 1: 354 DAVIS ROAD CITY: OAKVILLE STATE: A6 ZIP: L6J2X1 BUSINESS PHONE: 0000000000 MAIL ADDRESS: STREET 1: 354 DAVIS ROAD CITY: OAKVILLE STATE: A6 ZIP: L6J2X1 FORMER COMPANY: FORMER CONFORMED NAME: ALGONQUIN POWER INCOME FUND DATE OF NAME CHANGE: 20020523 6-K 1 form6k.htm 6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM 6-K



REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934

Date: June 2020

Commission File Number: 001-37946


Algonquin Power & Utilities Corp.
(Translation of registrant’s name into English)



354 Davis Road
Oakville, Ontario, L6J 2X1, Canada
(Address of principal executive offices)



Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☐
 
Form 40-F ☒

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):



INCORPORATION BY REFERENCE

This Report on Form 6-K is hereby incorporated by reference into the Registration Statement on Form F-10, File No. 333-236975.

EXPLANATORY NOTE

On June 9, 2020, Algonquin Power & Utilities Corp. (the “Company”) entered into an Amendment No. 1 to the Equity Distribution Agreement (the “Agreement”), dated May 15, 2020, with certain agents named therein (the “Agents”).  The information in this report is qualified by reference to the full text of the Agreement, a copy of which is filed as Exhibit 99.1 to this Report on Form 6-K.

EXHIBIT INDEX

The following exhibits are filed as part of this Form 6-K:

Exhibit
 
Description
   
 
Amendment No. 1 to Equity Distribution Agreement


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 
ALGONQUIN POWER & UTILITIES CORP.
 
(registrant)
     
Date: June 9, 2020
By:
/s/  David Bronicheski
 
Name:
David Bronicheski
 
Title:
Chief Financial Officer

 
EX-99.1 2 ex99_1.htm EXHIBIT 99.1

Exhibit 99.1

ALGONQUIN POWER & UTILITIES CORP.
 
AMENDMENT TO EQUITY DISTRIBUTION AGREEMENT
 
June 9, 2020
 
RBC Dominion Securities Inc.
4th Floor, South Tower, 200 Bay Street
Toronto, ON  M5J 2W7
Canada
RBC Capital Markets, LLC
200 Vesey St.
New York, NY 10281-8098
United States
   
J.P. Morgan Securities Canada Inc.
Suite 4500, TD Bank Tower
66 Wellington Street West
Toronto, ON M5K 1E7
J.P. Morgan Securities LLC
383 Madison Avenue
New York, NY 10179
United States
   
Merrill Lynch Canada Inc.
181 Bay Street, Suite 400
Toronto ON M5J 2V8
Canada
BofA Securities, Inc.
One Bryant Park
New York, NY 10036
United States
   
Scotia Capital Inc.
40 King St. West, 64th Floor
Toronto, ON  M5W 2X6
Canada
Scotia Capital (USA) Inc.
250 Vesey Street, 24th Floor
New York, New York 10281
United States
   
TD Securities Inc.
66 Wellington Street W, 9th Floor
Toronto, ON  M5K 1A2
Canada
TD Securities (USA) LLC
31 W 52nd St #18
New York, NY 10019
United States

Attention:
Mr. Ian E. Robertson, Chief Executive Officer
 
Dear Sirs and Mesdames:
 
Re:
ATM Distribution
 
Algonquin Power & Utilities Corp. (the "Corporation"), a corporation incorporated under the Canada Business Corporations Act, entered into an equity distribution agreement dated May 15, 2020 (the "EDA") with RBC Dominion Securities Inc., J.P. Morgan Securities Canada Inc., Merrill Lynch Canada Inc., Scotia Capital Inc. and TD Securities Inc. (collectively, the "Canadian Agents") and RBC Capital Markets, LLC, J.P. Morgan Securities LLC, BofA Securities, Inc., Scotia Capital (USA) Inc. and TD Securities (USA) LLC (collectively, the "U.S. Agents", and together with the Canadian Agents, the "Agents") to issue and sell common shares of the Corporation (the "Common Shares") upon the terms and conditions as set forth therein. All capitalized terms not otherwise defined herein shall have the meaning given thereto in the EDA.
 
1.          Amendment. The Corporation and the Agents agree to amend the EDA by deleting Section 4.2 thereof. In connection with this Amendment, the Agents hereby waive the obligation of the Corporation to deliver the certificate contemplated by Section 9.1(n)(i) of the EDA and all related obligations, including for greater certainty, the obligations under Sections 9.1(o) through 9.1(q) (other than Section 9.1(o)(C)), until the next subsequent Representation Date. Except as expressly modified by this Amendment, the EDA shall continue to be in full force and effect in accordance with its terms.


2.          Governing Law. This Agreement and any claim, controversy or dispute relative to or arising out of this Agreement shall be governed by and interpreted in accordance with the laws of the Province of Ontario and the federal laws of Canada applicable therein. Each of the parties hereto irrevocably attorns to the jurisdiction of the courts of the Province of Ontario.
 
3.          Severability. In the event that any one or more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained herein shall not be affected or impaired thereby.
 
4.          Further Assurances. Each of the parties hereto shall do or cause to be done all such acts and things and shall execute or cause to be executed all such documents, agreements and other instruments as may reasonably be necessary or desirable for the purpose of carrying out the provisions and intent of this Amendment.
 
5.          Counterparts. This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery of an executed Amendment by one party to the other may be made by email transmission. Counterparts may be delivered via facsimile, electronic mail (including any electronic signature covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act, the Electronic Signatures and Records Act or other applicable law, e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.
 
If the foregoing accurately reflects your understanding and agreement with respect to the matters described herein please indicate your agreement by countersigning this Amendment in the space provided below.
 

Very truly yours,
 
 
ALGONQUIN POWER & UTILITIES CORP.
     
 
Per:
/s/ Ian Robertson
   
Name: Ian Robertson
Title: Chief Executive Officer

 
Per:
/s/ David Bronicheski
   
Name: David Bronicheski
Title: Chief Financial Officer


The foregoing agreement is hereby accepted and agreed to as of the date first written above.
 
RBC DOMINION SECURITIES INC.
 
RBC CAPITAL MARKETS, LLC
         
Per:
/s/ Kyle Walker  
Per:
/s/ Andrew Jones
 
Name: Kyle Walker
Title: Managing Director
   
Name: Andrew Jones
Title: Director
         
J.P. MORGAN SECURITIES CANADA INC.
 
J.P. MORGAN SECURITIES LLC
         
Per:
/s/ David Rawlings  
Per:
/s/ Stephanie Little
 
Name: David Rawlings
Title: Executive Director
   
Name: Stephanie Little
Title: Managing Director
         
MERRILL LYNCH CANADA INC.
 
BOFA SECURITIES, INC.
         
Per:
/s/ Jamie W. Hancock  
Per:
/s/ Ahmad Masud
 
Name: Jamie W. Hancock
Title: Managing Director
   
Name: Ahmad Masud
Title: Managing Director
         
SCOTIA CAPITAL INC.
 
SCOTIA CAPITAL (USA) INC.
         
Per:
/s/ Thomas Kurfurst  
Per:
/s/ Seth Keller
 
Name: Thomas Kurfurst
Title: Managing Director
   
Name: Seth Keller
Title: Co-head, US Power & Utilities Investment Banking
         
TD SECURITIES INC.
 
TD SECURITIES (USA) LLC
         
Per:
/s/ John Kroeker  
Per:
/s/ Keith Lord
 
Name: John Kroeker
Title: Managing Director
   
Name: Keith Lord
Title: Managing Director