Fort Chicago Energy Partners Completes Public Debt Offering

On July 28, 2009, Fort Chicago Energy Partners L.P. completed a public offering of $200 million principal amount of 5.60 per cent Senior Unsecured Notes Series 1 due July 28, 2014. The offering was conducted through a syndicate of underwriters led by CIBC World Markets Inc. and including Scotia Capital Inc. and TD Securities Inc. The Notes were offered publicly in Canada under Fort Chicago's short form base shelf prospectus dated May 2, 2008 and a prospectus supplement dated July 23, 2009.

The Notes have been assigned credit ratings of BBB (high) with a stable trend by DBRS Limited and BBB with a stable outlook by Standard & Poor's Ratings Services, a division of The McGraw-Hill Companies Inc.

The net proceeds from the offering of the Notes was used to repay a portion of the outstanding indebtedness under Fort Chicago's revolving credit facility, which borrowings were used, in part, to finance the purchase by Fort Chicago on August 10, 2007 of all of the outstanding trust units of Countryside Power Income Fund and a portion of the outstanding 6.25 per cent exchangeable unsecured subordinated US dollar denominated debentures of Countryside Canada Power Inc.

Bennett Jones LLP represented Fort Chicago, with a team comprised of Renee M. Ratke, Phillip D. Backman, David M. Lennox, Brent W. Kraus, Harinder S. Basra, Kahlan K. Mills (corporate) and Darcy D. Moch (tax).

The syndicate of underwriters was represented by Ross Bentley, Kevin Fougere, Jeffrey Bakker; Nick Tropak (corporate) and Edmund Gill (tax) of Blake, Cassels & Graydon LLP.