Opérations et transactions|23 octobre 2012
Lower Mattagami Energy Limited Partnership completes private placement of C$200 million senior secured bonds
Torys acted as counsel to the syndicate of agents with a team that included Rose Bailey, Michael Zackheim, Nina Mansoori and Christine Hunter.
On October 23, 2012, Lower Mattagami Energy Limited Partnership (the Partnership) issued, by way of private placement, C$200 million aggregate principal amount of 2.228% Series 2012-2 Senior Secured Bonds, due October 23, 2017 (the Bonds). The Bonds were offered for sale on a best efforts basis by a syndicate of agents co-led by BMO Nesbitt Burns Inc. and CIBC World Markets Inc., and including National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc. and Laurentian Bank Securities Inc.
The Partnership is a limited partnership between Ontario Power Generation Inc. (OPG), as the sole general partner, and LM Energy Inc., a wholly-owned subsidiary of OPG, as sole limited partner.
The net proceeds of the offering will be used to repay outstanding commercial paper and fund costs related to the re-development and expansion of four hydroelectric generating stations on the lower part of the Mattagami River in northeastern Ontario.
The Partnership is a limited partnership between Ontario Power Generation Inc. (OPG), as the sole general partner, and LM Energy Inc., a wholly-owned subsidiary of OPG, as sole limited partner.
The net proceeds of the offering will be used to repay outstanding commercial paper and fund costs related to the re-development and expansion of four hydroelectric generating stations on the lower part of the Mattagami River in northeastern Ontario.