Montréal advises BMO Nesbitt Burns on C$125m private placement

October 25, 2016

Client: BMO Nesbitt Burns Inc.

Our Montréal office has advised BMO Nesbitt Burns Inc. on Gaz Métro inc.’s (GMI) C$125 million private placement of Series T first mortgage bonds.

The Series T bonds are secured by a guarantee as to payment of principal and interest by Gaz Métro Limited Partnership (Gaz Métro), together with collateral security backed by the assets of GMi and Gaz Métro. The Series T bonds, bearing interest at the rate of 3.28 per cent per annum, will mature on October 9, 2046. The Series T bonds were assigned a rating of “A+” by Standard & Poor’s and a rating of “A” by DBRS Limited.

The team comprised David Lemieux, Peter Wiazowski, Andrei Molchynsky and Pierre-Olivier Tremblay.