On February 16, 2024, TMX Group Limited successfully completed a private placement offering, raising a total of C$1.1 billion in aggregate principal amount of senior unsecured debentures from accredited investors in Canada.
The offering consisted of three tranches:
- C$350 million in aggregate principal amount of 4.678% Series G senior unsecured debentures due on August 16, 2029;
- C$300 million in aggregate principal amount of 4.836% Series H senior unsecured debentures due on February 18, 2032; and
- C$450 million in aggregate principal amount of 4.970% Series I senior unsecured debentures due on February 16, 2034.
The net proceeds from this offering will be utilized by TMX Group to repay a portion of its outstanding indebtedness and for general corporate purposes.
Fasken provided legal counsel to TMX Group, with the advisory team led by Alex Nikolic. The team included Gurinder (Gigi) Gujral, Fatima Husnain, and Kathryn McCoy (Articling Student) in the Corporate group, Mitchell Thaw and Devon LaBuik in Tax Law, and Aaron Stefan in Banking and Finance.
Jurisdiction
- Ontario
