TMX Group closes C$1.1 billion private placement debenture offering

TMX Group Limited has closed a Canadian private placement offering of C$1.1 billion in senior unsecured debentures. The offering was directed to accredited investors in Canada and consisted of three series of debentures:

- C$250 million of 3.862% Series K debentures due September 2028. - C$400 million of 4.571% Series L debentures due September 2033. - C$450 million of 4.904% Series M debentures due September 2036.

The Series K debentures were approximately 4.2 times oversubscribed, while the Series L and M debentures were approximately 3.5 and 4.0 times oversubscribed, respectively. The debentures received a credit rating of “AA (Low)” with a Stable Trend from DBRS Limited.

Net proceeds from the offering will be used to repay a portion of outstanding debt and for general corporate purposes. The syndicate of agents leading the offering included National Bank of Canada Capital Markets and TD Securities.