Enersource Completes private Placement offering Of Debentures

On April 29, 2011, Enersource Corporation (“Enersource”), closed a brokered private placement of $320 million aggregate principal amount of senior unsecured debentures in two series composed of $110 million 4.521 per cent Senior Unsecured Debentures, Series A due April 29, 2021 and $210 million 5.297 per cent Senior Unsecured Debentures, Series B due April 29, 2041 (collectively, the “Debentures”). The net proceeds of the Debentures were used to repay Enersource's existing long-term debt with the balance of the net proceeds intended for general corporate purposes. The syndicate of agents was led by CIBC World Markets Inc. and Scotia Capital Inc. and included BMO Nesbitt Burns Inc., RBC Dominion Securities Inc. and TD Securities Inc.

Enersource was represented by Borden Ladner Gervais LLP with a team led by Paul Findlay, including Dyana McLellan, James Sidlofsky and Mark Lau.

Gowling Lafleur Henderson LLP represented the agents with a team led by Paul Harricks, including Merie-Anne Beavis and Kate Lioubar.