On September 22, 2026, 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$250 million in aggregate principal amount of 3.862% Series K senior unsecured debentures due on September 26, 2028;
- C$400 million in aggregate principal amount of 4.571% Series L senior unsecured debentures due on September 22, 2033; and
- C$450 million in aggregate principal amount of 4.904% Series M senior unsecured debentures due on September 23, 2036.
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 Victoria Zed, Gurinder (Gigi) Gujral, Fatima Husnain, Jonathan Duforest, Griffin Lewicki (Articling Student) (Corporate); Arlene Mack (Financial Institutions); and Kevin Yip (Tax).
Jurisdiction
- Ontario
