TORONTO, Nov. 18, 2011 /CNW/ - 407 International Inc. (the "Company")
announced today that it has exercised its right to redeem all of the
outstanding senior notes of the following issue on December 19, 2011:
$300,000,000, 4.65% Senior Medium-Term Notes, Series 09-A1, due January
20, 2012 (CUSIP No. 35085 ZAY 2) (the "Notes")
Redemption Price: C$1,002.64 for each $1,000 principal amount of the
Accrued and unpaid interest: C$19.36 for each $1,000 principal amount of
Total Redemption Price, including accrued and unpaid interest:
C$1,022.00 for each $1,000 principal amount of the Notes
The redemption price for the Notes is determined in accordance with the
provisions of the amended and restated master trust indenture dated as
of July 20, 1999, as amended and supplemented, the twenty-second
supplemental indenture thereto dated December 11, 2007 and pricing
supplement no. 3 dated January 15, 2009 to the Company's short form
base shelf prospectus dated December 11, 2007.
A notice of redemption will be delivered today to CDS Clearing and
Depository Services Inc. ("CDS") and the trustee, BNY Trust Company of
Canada. Non-registered holders (banks, brokerage firms or other
financial institutions) who maintain an interest in the Notes through
CDS should contact their CDS customer service representative with any
questions about the redemption. Alternatively, beneficial holders with
any questions about the redemption should contact their representative
brokerage firm or financial institution, which holds interest in the
Notes on their behalf.
The Company will finance the redemption of the Notes using proceeds from
the recently issued $350,000,000, 4.45% Senior Medium-Term Notes,
Series 11-A1, due November 15, 2041.
407 International Inc. is owned by Cintra Infraestructuras S.A., a
wholly owned subsidiary of Ferrovial S. A. (43.23%), by indirectly
owned subsidiaries of Canada Pension Plan Investment Board (total 40%),
and by SNC-Lavalin (16.77%).
SOURCE 407 International Inc.
For further information:
| Investors: |
Chief Financial Officer
| Media: |
Vice-President, Communications and Government Relations