TORONTO, May 24, 2024
/CNW/ - TMX Group Limited ("TMX Group") today announced that it has
closed a Canadian private placement offering (the "Offering") of
C$300 million aggregate principal
amount of 4.747% Series J Unsecured Debentures due May 26, 2026 (the "Debentures") to accredited
investors in Canada. The
Debentures are direct senior unsecured and unsubordinated
obligations of TMX Group and rank pari passu with all
other senior unsecured and unsubordinated indebtedness of TMX
Group.
The Debentures received a credit rating of AA (low) with a
Negative trend from DBRS Limited.
The net proceeds from the Offering are being used by
TMX Group to repay a portion of outstanding indebtedness and for
general corporate purposes.
The Offering was made exclusively to persons resident
in a Canadian province through a syndicate of agents led by RBC
Capital Markets and Scotiabank and including BMO Capital Markets,
Canaccord Genuity, CIBC Capital Markets, National Bank Financial,
TD Securities, Barclays, Casgrain & Company, Citigroup and
Laurentian Bank Securities, and on a private placement basis in
reliance upon exemptions from the prospectus requirements under
applicable securities laws in those provinces. The Debentures have
not been qualified for sale to the public under such securities
laws.
This news release does not constitute an offer to sell or the
solicitation of an offer to buy the Debentures or any other
securities of TMX Group in any jurisdiction, and is not an offer
for sale within the United States
of any securities of TMX Group. Securities of TMX Group, including
any debt securities, may not be offered or sold in the United States absent registration under
U.S. securities laws or unless exempt from registration under such
laws. The Offering described in this news release is not being made
in the United States and has not
been and will not be registered under U.S. securities laws.
Accordingly, the Debentures may not be offered or sold in
the United States except in
certain transactions exempt from the registration requirements
under applicable U.S. securities laws.
About TMX Group (TSX: X)
TMX Group operates global markets, and builds digital
communities and analytic solutions that facilitate the funding,
growth and success of businesses, traders and investors. TMX
Group's key operations include Toronto Stock Exchange, TSX
Venture Exchange, TSX Alpha Exchange, The Canadian Depository for
Securities, Montréal Exchange, Canadian Derivatives Clearing
Corporation, TMX Trayport and TMX VettaFi, which provide
listing markets, trading markets, clearing facilities, depository
services, technology solutions, data products and other services to
the global financial community. TMX Group is headquartered in
Toronto and operates offices
across North America (Montréal,
Calgary, Vancouver and New
York), as well as in key international markets including
London, Singapore and Vienna. For more information about TMX Group,
visit www.tmx.com. Follow TMX Group on X: @TMXGroup.
SOURCE TMX Group Limited