YPG Holdings completes $300 million Medium Term Note offering

On November 23, 2009, YPG Holdings Inc. (the "Company") completed an offering of Medium Term Notes Series 10 for gross proceeds of $300 million. The Company issued $300 million of 7.75% Series 10 Notes (compounded semi-annually), dated November 23, 2009, maturing on March 2, 2020.

The net proceeds from the issuance of the Series 10 Notes will be used to repay indebtedness under the Company's commercial paper program, and for general corporate purposes.

The offering was made pursuant to the Short Form Base Shelf Prospectus dated June 20, 2008 of the Company and a prospectus and pricing supplement relating to the Series 10 Notes was filed by the Company with the securities regulatory authorities in all provinces and territories of Canada.

The offering was led by RBC Dominion Securities Inc., Scotia Capital Inc., and BMO Nesbitt Burns Inc., acting as joint bookrunners, with CIBC World Markets Inc., TD Securities Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc., Casgrain & Company Limited and Desjardins Securities Inc. participating as co-managers.

The dealers were advised by a team from Fasken Martineau that included Gilles Leclerc, Catherine Isabelle and Jean-François Séguin (securities), and Gilles Carli (tax).