TORONTO, Sept. 6, 2012 /CNW/ - 407 International Inc. announced today
that it has agreed to issue $200 million aggregate principal amount of
3.98% Senior Notes, Series 12-A2, due September 11, 2052, through its
$1.2 billion Medium-Term Notes program and pursuant to a base shelf
prospectus dated August 3, 2012, in an agency transaction with a
syndicate led by RBC Dominion Securities Inc. and BMO Nesbitt Burns
Inc. The syndicate also includes National Bank Financial Inc., Scotia
Capital Inc., TD Securities Inc., Casgrain & Company Limited and CIBC
World Markets Inc. The distribution of the Senior Notes is scheduled to
close on September 11, 2012.
Aggregate net proceeds of approximately $187.2 million, after paying the
costs of issuance and funding of the Series 12-A2 series reserve
account, will be used for general corporate purposes.
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%).
News releases are available at www.407etr.com.
SOURCE: 407 International Inc.
For further information:
Chief Financial Officer
Communications and Government Relations