BMW Canada Completes $750M Note Offering

On March 30, 2010, BMW Canada Inc. completed an offering of $750 million 3.22 per cent Notes, Series A due March 28, 2013. The Notes are unconditionally guaranteed as to payment by Bayerische Motoren Werke Aktiengesellschaft. The Notes were offered by way of private placement to accredited investors in each of the provinces of Canada by RBC Capital Markets and TD Securities Inc. as agents.

Stikeman Elliott LLP acted for BMW under the direction of Dr. Hans-Christian Frick, Bruno Battista, Ian Sideco and Federico Nordenstahl of BMW. The Stikeman Elliott team included James Davis, Michael Rumball and Jeff Hershenfield (corporate and securities) and Marc-André Wilson (tax).

Osler, Hoskin & Harcourt LLP acted for the agents. The Osler team included Steve Smith, Michael Innes and Justin Williams (corporate and securities) and Julie Colden and Gregory Wylie (tax).