Establishment of a construction financing facility for Highway 407 International Inc. by way of short-form prospectus of $220 million subordinated bonds
Acted for an international banking syndicate led by Bank of Montreal in the establishment of a construction financing facility for Highway 407 International Inc. in connection with the Highway 407 private highway project in Toronto Ontario
Matter Value: CAD 220,000,000
Wednesday, 20 June 2001
407 International Inc. completed a public offering on June 20, 2001 by way of short-form prospectus of $220 million 6.40 per cent subordinated bonds, Series 01-C1 due February 16, 2004. The subordinated bonds were offered for sale to the public following their repurchase by 407 International from a syndicate of Canadian and foreign banks which held the subordinated bonds as a result of a restructuring of 407 International’s subordinated term credit facility that was completed as part of the offering.