On October 1, 2024, Stella-Jones Inc. (“Stella-Jones) (TSX: SJ) completed its inaugural offering of Canadian dollar denominated senior unsecured notes. Stella-Jones issued $400 million aggregate principal amount of senior unsecured notes due October 1, 2031, bearing interest at the rate of 4.312% per annum, payable semi-annually until maturity.
The notes were offered in Canada through an agency syndicate consisting of TD Securities Inc., CIBC World Markets Inc., and RBC Dominion Securities Inc., as joint lead agents and bookrunners, along with Merrill Lynch Canada Inc. and Scotia Capital Inc., as co-managers.
Stella-Jones is a leading North American manufacturer of products focused on supporting infrastructure essential to the electrical distribution and transmission network, and the operation and maintenance of railway transportation systems.
A Fasken team including Jean Michel Lapierre, Jean-Pierre Chamberland, Geneviève Richard, Alexandre Gagnon, Gabriella Gagnon-Da Rocha and Quentin Lageix advised Stella-Jones in connection with this transaction.
Jurisdiction
- Québec
