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Client Work

YPG Holdings completes US$515 million Medium Term Notes offerings

Fasken
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Client

RBC Dominion Securities Inc.

On July 10, 2009, YPG Holdings Inc. (the "Company") completed an offering of Medium Term Notes Series 9 and an additional offering of Medium Term Notes Series 8 for combined gross proceeds of $165 million. These offerings followed a $90 million offering of Medium Term Notes Series 8 (completed on July 3) and a $260 million offering of Medium Term Notes Series 7 (completed on June 25). Gross proceeds of the offerings totaled $515 million. The net proceeds from the issuance of the Notes will be used to repay indebtedness outstanding under the Company's term credit facility and commercial paper program and for general corporate purposes. The offerings were made pursuant to the Short Form Base Shelf Prospectus dated June 20, 2008 of the Company and prospectus and pricing supplements relating to the Notes were filed by the Company with the securities regulatory authorities in all provinces and territories of Canada. The offerings were 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 Robert Paré, Gilles Leclerc and Catherine Isabelle (securities) and Gilles Carli (tax).

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