Cameco Completes Sale of $500M Senior Unsecured Debentures

Cameco Corporation completed an offering of $400 million aggregate principal amount 3.75 per cent Senior Unsecured Debentures, Series E and $100 million aggregate principal amount 5.09 per cent Senior Unsecured Debentures, Series F. The offering was effected through Cameco's $1 billion shelf prospectus, which it had cleared in late May 2012. Cameco intends to use the net proceeds of the offering to strengthen its capital position and enhance its financial flexibility in order to support planned expansion of uranium production and general corporate purposes.

The debentures were sold through a syndicate of agents co-led by TD Securities Inc. and RBC Capital Markets, and that included BMO Nesbitt Burns Inc., CIBC World Markets Inc., HSBC Securities (Canada) Inc., National Bank Financial Inc. and Scotia Capital Inc.

Cameco was represented by its in-house legal team led by Larry Korchinski, Director Legal Services and Assistant General Counsel, that included Candice Augustyn, Senior Legal Advisor (environmental); and by Osler, Hoskin & Harcourt LLP with a team led by Rob Lando (corporate and securities) and that included Matthew Sadofsky and Justin Drake (corporate and securities); Dan Kirby and Lindsay Rauccio (environmental) and Lara Friedlander (tax).

The agents were represented by Borden Ladner Gervais LLP with a team led by Paul Mingay (corporate and securities) and that included Fred Pletcher, Shannon Webber, Andrew Bunston and Bekhzod Abdurazzakov (corporate and securities); Rick Coburn and Matti Lemmens (environmental) and Larissa Tkachenko (tax).