Lower Mattagami Energy Limited Partnership completes C$250 million private placement

Torys acted as counsel to the syndicate of agents with a team that included Michael Zackheim and Pat Chapman (corporate/securities).

On October 31, 2022, Lower Mattagami Energy Limited Partnership (the “Partnership”) issued, by way of private placement, C$250 million aggregate principal amount of 4.854% senior secured bonds, Series 2022-1, due October 31, 2033.

The bonds were issued in Canada and sold through a syndicate of agents co-led by CIBC World Markets Inc. and Scotia Capital Inc., and which included BMO Nesbitt Burns Inc., National Bank Financial Inc., RBC Dominion Securities Inc., TD Securities Inc., HSBC Securities (Canada) Inc. and Laurentian Bank Securities Inc.

The Partnership intends to use the net proceeds of the offering to finance or refinance, in part or in full, new and/or existing eligible projects as defined in Ontario Power Generation’s Green Bond Framework (November 2021).

The Partnership is a single-purpose limited partnership established by Ontario Power Generation.