Gaz Métro inc. Completes a Private Placement of $125 Million Series T First Mortgage Bonds

October 24, 2016

Client: BMO Nesbitt Burns Inc.

Counsel to BMO Nesbitt Burns Inc. in Gaz Métro inc. (GMi) private placement of C$125m of Series T First Mortgage Bonds (the Series T 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 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.

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