TORONTO, Feb. 16,
2024 /CNW/ - TMX Group Limited ("TMX Group") today
announced that it has closed a Canadian private placement offering
(the "Offering") of C$1.1 billion
aggregate principal amount of senior unsecured debentures
(collectively, the "Debentures") to accredited investors in
Canada comprising: (i)
C$350 million aggregate principal amount of 4.678% Series G
Senior Unsecured Debentures due August 16,
2029, approximately 4.9 times oversubscribed; (ii)
C$300 million aggregate principal
amount of 4.836% Series H Senior Unsecured Debentures due
February 18, 2032, approximately 4.3
times oversubscribed; and (iii) C$450
million aggregate principal amount of 4.970% Series I Senior
Unsecured Debentures due February 16,
2034, approximately 5.8 times oversubscribed. 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 AA (low) with a
Negative trend from DBRS Limited.
The net proceeds from the Offering are being used by
TMX Group to repay a portion of outstanding indebtedness and for
general corporate purposes.
The Offering was made exclusively to persons resident
in a Canadian province through a syndicate of agents led by BMO
Capital Markets., National Bank Financial Inc. and TD
Securities Inc. and including Barclays Capital Canada Inc.,
Canaccord Genuity Corp., Casgrain & Company Limited, CIBC World
Markets Inc., Citigroup Global Markets Canada Inc., Laurentian Bank
Securities Inc., RBC Dominion Securities Inc., and Scotia Capital
Inc. 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.
About TMX Group (TSX: X)
TMX Group operates global markets, and builds digital
communities and analytic solutions that facilitate the funding,
growth and success of businesses, traders and investors. TMX
Group's key operations include Toronto Stock Exchange, TSX
Venture Exchange, TSX Alpha Exchange, The Canadian Depository for
Securities, Montréal Exchange, Canadian Derivatives Clearing
Corporation, TMX Trayport and TMX VettaFi, which provide
listing markets, trading markets, clearing facilities, depository
services, technology solutions, data products and other services to
the global financial community. TMX Group is headquartered in
Toronto and operates offices
across North America (Montréal,
Calgary, Vancouver and New
York), as well as in key international markets including
London, Singapore and Vienna. For more information about TMX Group,
visit www.tmx.com. Follow TMX Group on X: @TMXGroup.
SOURCE TMX Group Limited
