MPT Finco Inc. completes the first stage of a two-stage private placement issuance

Date Closed

December 02, 2019

Lead Office

Toronto

Value

628.00 Million CAD

On December 2, 2019, MPT Finco Inc. completed the first stage of a two-stage private placement issuance, including (i) Series A Secured Bonds in the aggregate principal amount of $305,000,000 due November 30, 2029; and (ii) Series B Senior Secured Bonds in the aggregate principal amount of $325,000,000 due November 30, 2029. The completion of the issuance of the Series B Senior Secured Bonds, which have been priced and sold, will occur in November, 2020. The proceeds from the sale of the bonds will be used to finance the operations of four hydro-generating facilities owned by Mississagi Power Trust.

Mississagi Power Trust owns the Mississagi Power System, a series of four hydroelectric generating facilities with a total capacity of 488 megawatts.

McCarthy Tétrault represented the underwriter, Scotia Capital Inc., with a team led by Gordon Baird and included Michael Eldridge, Zachary Masoud, Carly Caruso, Karen Luu and Arie van Wijngaarden.

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