TMX Group offers $300 million private placement of debentures

TORONTO, May 9, 2024 /CNW/ – TMX Group Limited (“TMX Group”) announced today that it has priced a Canadian private placement (the “Offering”) of 300 million dollars aggregate principal amount of the 4.747% Series J senior unsecured debentures due May 26, 2026 (the “Debentures”) to qualified investors in Canada. The Debentures will be direct senior unsecured and unsubordinated obligations of TMX Group and will rank pari passu with all other senior unsecured and unsubordinated debt of TMX Group.

TMX Group expects the offering to close on May 242024 and the Debentures are expected to receive a credit rating of “AA (low)” with a negative trend from DBRS Limited.

The net proceeds of the offering will be used to repay a portion of outstanding debt and for general corporate purposes.

The Debentures are being offered exclusively to persons resident in a Canadian province through a syndicate of agents led by RBC Capital Markets and Scotiabank and including BMO Capital Markets, Canaccord Genuity, CIBC Capital Markets, National Bank Financial, TD Securities, Barclays, Casgrain & Company. , Citigroup and Laurentian Bank Securities, and in connection with a private placement pursuant to exemptions from the prospectus requirements under the securities laws applicable in those provinces. Debentures are not eligible for sale to the public under these securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any debentures or any other security of TMX Group in any jurisdiction, and does not constitute an offer to sell in United States of any TMX Group security. TMX Group securities, including debt securities, may not be offered or sold in United States absent registration under the United States securities laws or unless exempt from registration under such laws. The Offer described in this press release is not made in United States and has not been and will not be registered under the United States securities laws. Accordingly, the debentures may not be offered or sold in United States except in connection with certain transactions exempt from registration requirements under applicable U.S. securities laws.

Caution Regarding Forward-Looking Information This TMX Group press release contains “forward-looking information” (within the meaning of applicable Canadian securities legislation) that is based on expectations, assumptions, estimates, projections and other factors that management believes relevant as of the date of this press release. . Often, but not always, such forward-looking information can be identified by the use of forward-looking words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “targeted”, ” estimates, “plans”, “intends”, “anticipates”, “believes”, or variations or negative aspects of such words and expressions or statements that certain actions, events or results “may”, “could” “, “would”, “could” or “will” be taken, occur or be achieved or not be taken, occur or be achieved. Forward-looking information, by its nature, requires us to make assumptions and is subject to significant risks and uncertainties which may give rise to the possibility that our expectations or conclusions may not prove to be correct and that our assumptions may not be correct. .

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Examples of forward-looking information contained in this press release include, but are not limited to, the closing of the Offering and the benefits of the Offering, as well as the expected credit rating of the Debentures, all of which are subject to risks and considerations. significant uncertainties. These risks include, but are not limited to: dependence on the country’s economy Canada; adverse effects on our results caused by global economic conditions (including geopolitical events, interest rate movements, the threat of recession) or uncertainties, including changes in economic cycles that impact our sector; geopolitical and other factors that could result in business interruption); dependence on information technology; the vulnerability of our networks and third-party service providers to security risks, including cyberattacks; regulatory constraints; the constraints imposed by our level of indebtedness, the risks of litigation or other proceedings; risk of change ; dependence on third-party suppliers and service providers; the adverse effect of a systemic market event on certain of our businesses; regulatory constraints that apply to the activities of TMX Group and its regulated subsidiaries.

Forward-looking information is based on a number of assumptions that may prove to be incorrect, including, but not limited to, general business and economic conditions; exchange rates (including estimates of Canadian dollar to US dollar or GBP exchange rates), commodity prices, the level of trading and activity in the markets, and particularly the level of trading on TMX Group’s key products; changes in interest rates and the timing thereof; the amount and timing of revenue and technology cost synergies resulting from the acquisition of AST Canada; the productivity of TMX Group, as well as that of TMX Group’s competitors; market competition; research and development activities; the successful introduction and customer acceptance of new products and services; successful introduction of various technological assets and capabilities; the impact on TMX Group and its customers of various regulations; TMX Group’s ongoing relationships with its employees; and the extent of any labor, equipment or other interruption in any of its operations of any significance other than any planned maintenance or similar shutdowns.

We have attempted to identify important factors that could cause actual actions, events or results to differ materially from those current expectations described in the forward-looking information. However, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended and which could cause actual actions, events or results to differ materially from expectations. current. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Therefore, readers should not place undue reliance on forward-looking information. These factors are not intended to represent a complete list of factors that could affect us. A description of the items mentioned above can be found in the “Enterprise Risk Management” section of our 2023 Annual MD&A.

About TMX Group (TSX:X)

TMX Group operates global marketplaces and creates digital communities and analytics solutions that make it easier for businesses, traders and investors to finance, grow and succeed. TMX Group’s principal activities include Toronto Stock Exchange, TSX Venture Exchange, Alpha TSX Stock Exchange, The Canadian Depository for Securities, Montreal Stock Exchange, Canadian Derivatives Clearing Corporation, TMX tray And TMX VettaFi, which provide quotation markets, trading markets, clearing facilities, custody services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montreal, Calgary, Vancouver And new York), as well as in major international markets, including London, Singapore And Vienna. To learn more about TMX Group, visit www.tmx.com. Follow TMX Group on X: @GroupeTMX.

SOURCE TMX Group Limited

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