TMX Group Limited completes private placement offering of senior unsecured debentures

On December 11, 2017, TMX Group Limited (“TMX Group”) raised $300 million by way of a private placement of 2.997% Series D Senior Unsecured Debentures due 2024 (the “Offering”).  The Series D Senior Unsecured Debentures received an A (high) credit rating by DBRS, Inc.

The net proceeds from the Offering may be used by TMX Group to repay a portion of its outstanding indebtedness or to finance a portion of the purchase price for the acquisition of London-based Trayport Holdings Limited, and its U.S.-based affiliate, Trayport, Inc., or any combination thereof.

The co-lead managers and co-lead bookrunners of the Offering were TD Securities Inc. and National Bank Financial Inc., and the syndicate included BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., Barclays Capital Canada Inc., Canaccord Genuity Corp., Casgrain & Company Limited, GMP Securities L.P., and MUFG Securities (Canada), Ltd.

TMX Group’s key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montréal, Calgary and Vancouver), in key U.S. markets (New York, Houston) as well as in London, Beijing, Singapore and Israel.

TMX Group was advised by a team of Fasken lawyers led by Jon Levin with Alex Nikolic, David Steinhauer, Mariko Rivers and Laura Konkel (corporate/securities), and Mitch Thaw (tax).