By Wendy Van Sickle
Columbus, Ohio, May 31 – Energir LP priced a private placement of C$400 million of 4.83% 30-year series 2023-1 first mortgage bonds (A//DBRS: A) at 99.953 on Wednesday, according to a news release.
Desjardins Capital Markets, National Bank Financial Markets and Scotia Capital Inc. acted as joint bookrunners and co-lead private placement agents. BMO Nesbitt Burns Inc., Desjardins Securities Inc., National Bank Financial Inc., Scotia Capital Inc., CIBC World Markets Inc., TD Securities Inc. and Casgrain & Co. Ltd. are agents.
The company will use the proceeds to repay debt and for general corporate purposes.
Montreal-based Energir is a diversified energy company.
| Issuer: | Energir LP
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| Amount: | C$400 million
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| Issue: | First mortgage bonds
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| Maturity: | June 2, 2053
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| Bookrunners: | Desjardins Capital Markets, National Bank Financial Markets and Scotia Capital Inc.
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| Agents: | CIBC World Markets Inc., TD Securities Inc., BMO Capital Markets, RBC Capital Markets and Casgrain & Co. Ltd.
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| Coupon: | 4.83%
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| Price: | 99.953
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| Trade date: | May 31
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| Settlement date: | June 2
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| Provisional ratings: | S&P: A
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| DBRS: A
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| Distribution: | Private placement in Canada
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