Lavery, de Billy represented the syndicate of dealers in Gaz Métro inc.’s $150 million offering

LAVERY, DE BILLY L.L.P., represented the syndicate of dealers in the Gaz Métro inc.’s $150 million offering of 5.40% Series L First Mortgage Bonds closed on October 14. The Lavery, de Billy team was composed of Marc Rochefort, Michel Servant and Guillaume Lavoie (corporate/securities), and Philip Nolan (tax).

On October 14, 2008, Gaz Métro inc. announced the closing of its $150 million of 5.40% Series L First Mortgage Bonds (the “Series L Bonds”) guaranteed by Gaz Métro Limited Partnership (“Gaz Métro”).

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.

The Series L Bonds, bearing interest at the rate of 5.40% 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 Quebec 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.

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