TMX Group prices C$1.1 billion debt offering in three series
TMX Group Limited announced a C$1.1 billion senior unsecured debenture private placement in Canada, consisting of three series. The debentures include C$250 million of 3.862% Series K maturing in 2028, C$400 million of 4.571% Series L maturing in 2033, and C$450 million of 4.904% Series M maturing in 2036. The company expects to use the net proceeds to repay a portion of its outstanding debt and for general corporate purposes.
The debentures are expected to receive an "AA (Low)" credit rating with a Stable Trend outlook from DBRS Limited. The offering, conducted exclusively in Canadian provinces, is being led by a syndicate of agents and banks, including National Bank of Canada Capital Markets, TD Securities, RBC Capital Markets, and BMO Capital Markets.
The debentures are not being offered to the public or in the United States. TMX Group, headquartered in Toronto, operates global markets and provides various services to the financial community.
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