Bruce Power L.P. has established a program providing for the offering and issuance of an unlimited aggregate principal amount of senior unsecured notes. In conjunction therewith, on June 23, 2016, Bruce Power L.P. issued $600,000,000 aggregate principal amount of Series 2016-1 Senior Unsecured Notes, due June 23, 2021, and $400,000,000 aggregate principal amount of Series 2016-2 Senior Unsecured Notes, due June 23, 2026. The offering represents the first such issuance in Canada by a nuclear power producer.
Scotia Capital Inc. and TD Securities Inc. led the agent syndicate, which included BMO Nesbitt Burns Inc., CIBC World Markets Inc., HSBC Securities (Canada) Inc., National Bank Financial Inc., RBC Dominion Securities Inc. and BNP Paribas (Canada) Securities Inc.
Bruce Power L.P. was advised internally by a team including Brian Hilbers, Bill Schnurr and Lynn Mahoney (Legal) and assisted by a team from McCarthy Tétrault LLP including Andrew Parker, Barry Ryan, David Lever, Jake Irwin and Omar Soliman (corporate finance), Douglas Cannon and Robert Nearing (tax), Seán O’Neill, Christopher Langdon, Peter Brady and Joanna Rosengarten (energy and environmental) and Gordon Sato (real property).