TMX Group prices C$1.1 billion debt offering in three series

TMX Group Limited has announced the pricing of a C$1.1 billion private placement of senior unsecured debentures, comprised of three series: C$250 million of Series K, maturing in September 2028; C$400 million of Series L, maturing in September 2033; and C$450 million of Series M, maturing in September 2036. The debentures are expected to receive 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 indebtedness and for general corporate purposes. The debentures are being offered exclusively to persons in Canadian provinces through a syndicate of agents led by National Bank of Canada Capital Markets and TD Securities.

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