407 International completes C$250 million offering of medium term notes
On May 16, 2014, 407 International Inc. (407) completed its previously announced agency offering of C$250 million aggregate principal amount of 3.35% senior notes, Series 14-A1, due May 16, 2024, through its C$1.2 billion medium-term notes program and pursuant to a base shelf prospectus dated August 3, 2012.
The offering, announced May 13, was underwritten by a syndicate led by BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc., including CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc., Casgrain & Company Limited and TD Securities Inc.
Aggregate net proceeds of the offering will be used to repay bank indebtedness and for general corporate purposes.
407 is an all-electronic, barrier-free toll highway, spanning 108 km across the Greater Toronto Area.
Further information can be found on 407's website.