Aéroports de Montréal completes $200M private placement

On June 12, 2015, Aéroports de Montréal (ADM), the local airport authority responsible for the management, operation and development of Montréal–Trudeau and Montréal–Mirabel international airports, completed a private placement of $200 million 3.918 per cent Revenue Bonds, Series M due June 12, 2045 (the Bonds). The Bonds were offered through an agency syndicate consisting of CIBC World Markets Inc. and RBC Dominion Securities Inc., as joint lead dealers and joint bookrunners and including Desjardins Securities Inc., National Bank Financial Inc., Casgrain & Company Limited and HSBC Securities (Canada) Inc.

ADM was represented by Pierre Gagnon, Vice-President, Legal Affairs and Secretary of ADM, assisted by a team from Osler, Hoskin & Harcourt LLP including Vitale Santoro, Christopher Main and Matthew Oliver (corporate finance and securities).

The agency syndicate was represented by Norton Rose Fulbright Canada LLP, with a team that included Solomon Sananes, David Crandall and Michelle Felsky (corporate finance and securities).