Opérations et transactions|10 juin 2013
407 International Inc. completes C$200 million public offering of secured medium-term notes
Torys acted as counsel to 407 International with a team that included Glen Johnson, Robbie Leibel, Stephen Abrahamson and Stephen Neil.
On June 10, 2013, 407 International Inc. completed an offering of C$200 million aggregate principal amount of a reopening of senior secured 3.98% medium-term notes, Series 12-A2, due September 11, 2052 for total gross proceeds of approximately C$200 million. The offering was completed pursuant to 407's medium-term note program. The notes were issued under a pricing supplement dated June 5, 2013, to 407's short form base shelf prospectus dated August 3, 2012.
The offering of the notes was led by BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc., and also included CIBC World Markets Inc., National Bank Financial Inc., Casgrain & Company Limited, Scotia Capital Inc. and TD Securities Inc.
The net proceeds of the Series 12-A2 offering will be used (i) to repay $106.3 million aggregate principal amount owing by the Company to certain Canadian chartered banks under certain of the Company's senior secured revolving credit facilities, and (ii) for general corporate purposes.
Further information can be found on Canada Newswire's website.
The offering of the notes was led by BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc., and also included CIBC World Markets Inc., National Bank Financial Inc., Casgrain & Company Limited, Scotia Capital Inc. and TD Securities Inc.
The net proceeds of the Series 12-A2 offering will be used (i) to repay $106.3 million aggregate principal amount owing by the Company to certain Canadian chartered banks under certain of the Company's senior secured revolving credit facilities, and (ii) for general corporate purposes.
Further information can be found on Canada Newswire's website.