Gaz Métro Closes $150M Offering

On October 14, 2008, Gaz Métro inc. announced the closing of its $150 million of 5.40 per cent Series L First Mortgage Bonds guaranteed by Gaz Métro Limited Partnership.

The Series L Bonds, bearing interest at the rate of 5.40 per cent per annum, will mature on April 15, 2013. Standard & Poor's Rating Services and DBRS Limited have each assigned an “A” rating to the Series L Bonds.

Gaz Métro is a leading Québec energy company and one of Canada's largest natural gas distributors. Gaz Métro serves some 171,000 customers through an underground pipeline network of almost 10,000 km.

The dealers' syndicate was led by BMO Nesbitt Burns Inc., and included Desjardins Securities Inc., National Bank Financial Inc., Scotia Capital Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., TD Securities Inc., Laurentian Bank Securities Inc. and Casgrain & Company Limited.

Gaz Métro was represented in-house by Pierre Despars, executive vice president and chief financial officer, Marc Lemieux, vice president, legal affairs and corporate secretary, Hélène St-Pierre, treasurer, Sylvie Bédard, assistant treasurer, and Anne-Marie Gauthier, senior legal counsel, transactional law; and by Osler, Hoskin & Harcourt LLP with a team that included Christiane Jodoin, Warren Katz, François Paradis and Josée Kouri (corporate and securities), Constantine Troulis (financial services) and Elaine Marchand (tax).

Lavery, de Billy L.L.P. represented the syndicate of dealers with a team composed of Marc Rochefort, Michel Servant and Guillaume Lavoie (corporate/securities), and Philip Nolan (tax).


Warren M. Katz Constantine Troulis Pierre Despars Christiane Jodoin Anne-Marie Gauthier François Paradis Josée Kouri Philip Nolan Marc Rochefort Guillaume Lavoie Elaine Marchand Marc Lemieux Michel Servant