TMX Group Limited Announces Closing of $1.0 Billion Debenture Offering and Favourable Amendments to Credit Agreement

TORONTO, Sept. 30, 2013 /CNW/ - TMX Group Limited ("TMX Group") today announced that it has successfully completed a private placement offering (the "Offering") of $1.0 billion aggregate principal amount of senior unsecured debentures (collectively, the "Debentures") to accredited investors in Canada. TMX Group issued: $400 million aggregate principal amount of 3.253% Series A Senior Unsecured Debentures due October 3, 2018; $250 million aggregate principal amount of 4.461% Series B Senior Unsecured Debentures due October 3, 2023; and $350 million aggregate principal amount of Series C floating rate (3-Month CDOR plus 70 bps) Senior Unsecured Debentures due October 3, 2016. All of the Debentures received a credit rating of A (high) with a Stable trend from DBRS Limited.

The net proceeds from the Offering are being used by TMX Group to repay a significant portion of outstanding indebtedness under its credit agreement. The terms of the credit agreement have also been amended to include, among other things, the release of various guarantees provided by certain of TMX Group's subsidiaries as well as significantly more favourable pricing terms and less restrictive financial covenants.  The amended and restated credit agreement will be available in due course on www.sedar.com and on the TMX Group website at www.tmx.com.

About TMX Group (TSX:X)

TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha Group, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community.  TMX Group is headquartered in Toronto and operates offices across Canada (Montreal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing and Sydney.  For more information about TMX Group, visit our website at www.tmx.com.  Follow TMX Group on Twitter at http://twitter.com/tmxgroup.

SOURCE: Toronto Stock Exchange

Carolyn Quick
Director, Communications and Public Affairs
TMX Group
416-947-4597
[email protected]    
 
Paul Malcolmson
Director, Investor Relations
TMX Group
416-947-4317
[email protected]