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TMX Group Limited ("TMX Group") today announced that it has closed a Canadian private placement offering ("the Offering") of C$200 million aggregate principal amount of 3.779% Series E Senior Unsecured Debentures due June 5, 2028 (the "Debentures") to accredited investors in Canada. The Debentures are direct senior unsecured and unsubordinated obligations of TMX Group and rank pari passu with all other senior unsecured and unsubordinated indebtedness of TMX Group.
The Debentures received a credit rating of A (high) with a Stable trend from DBRS Limited.
The net proceeds from the Offering will be used to repay a portion of outstanding indebtedness which may include indebtedness under TMX Group's commercial paper program or its outstanding Series A debentures due October 3, 2018 or any combination thereof.
The Offering was made exclusively to persons resident in a Canadian province through a syndicate of agents led by National Bank Financial Inc. and TD Securities Inc. and including BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., Canaccord Genuity Corp., Casgrain & Company Limited and GMP Securities L.P. on a private placement basis in reliance upon exemptions from the prospectus requirements under applicable securities laws in those provinces. The Debentures have not been qualified for sale to the public under such securities laws.
This news release does not constitute an offer to sell or the solicitation of an offer to buy the Debentures or any other securities of TMX Group in any jurisdiction, and is not an offer for sale within the United States of any securities of TMX Group. Securities of TMX Group, including any debt securities, may not be offered or sold in the United States absent registration under U.S. securities laws or unless exempt from registration under such laws. The Offering described in this news release is not being made in the United States and has not been and will not be registered under U.S. securities laws. Accordingly, the Debentures may not be offered or sold in the United States except in certain transactions exempt from the registration requirements under applicable U.S. securities laws.
