TMX Group Completes $1.1 Billion Debenture Offering
News related to:TMX Group Limited · 1 min read
TMX Group, a leading financial services provider, has announced the successful pricing of a $1.1 billion private placement debenture offering. The offering, which closed on September 22, 2026, included three series of senior unsecured debentures: C$250 million of 3.862% Series K debentures due in 2028, C$400 million of 4.571% Series L debentures due in 2033, and C$450 million of 4.904% Series M debentures due in 2036. The debentures are direct senior unsecured obligations of TMX Group and rank equally with all other senior unsecured and unsubordinated indebtedness of the company.
The proceeds from this offering will be used to repay a portion of the company’s outstanding debt and for general corporate purposes. TMX Group expects the debentures to receive a credit rating of "AA (Low)" with a stable outlook from DBRS Limited.
The debentures were offered exclusively to accredited investors in Canada through a syndicate of agents led by National Bank of Canada Capital Markets and TD Securities, among others. The offering was made in reliance on exemptions from the prospectus requirements under applicable securities laws in Canadian provinces.
TMX Group operates global markets, providing listing, trading, clearing, and other services to the financial community. The company’s key operations include the Toronto Stock Exchange, TSX Venture Exchange, and other exchanges and clearing facilities. The debenture offering is part of the company’s ongoing efforts to manage its capital structure and enhance its financial flexibility.
The company’s CFO, Jane Doe, stated, "This successful debenture offering will help us to strengthen our balance sheet and support our strategic initiatives. We are pleased with the strong demand from accredited investors and look forward to continuing to deliver value to our stakeholders."
The net proceeds from the offering will be used to reduce TMX Group’s debt and provide flexibility for future growth opportunities. The company’s management believes that this move will enhance its financial position and support its long-term strategic goals.