TMX Group prices C$1.1 billion private placement debenture offering

TMX Group Limited (TSX: X) announced the pricing of a C$1.1 billion private placement offering of senior unsecured debentures to accredited investors in Canada, according to a company statement.

The offering consists of three series: C$250 million of 3.862% Series K debentures due September 26, 2028; C$400 million of 4.571% Series L debentures due September 22, 2033; and C$450 million of 4.904% Series M debentures due September 23, 2036.

The debentures are expected to close on September 22, 2026, and are anticipated to receive a credit rating of "AA (Low)" with a Stable Trend from DBRS Limited. TMX Group said net proceeds will be used to repay a portion of outstanding indebtedness and for general corporate purposes.

The offering is being led by a syndicate of agents including National Bank of Canada Capital Markets and TD Securities, with RBC Capital Markets, BMO Capital Markets, CIBC Capital Markets, Scotiabank, Barclays, Canaccord Genuity, Casgrain & Company Limited, Cedar Leaf Capital Inc., and Citigroup Global Markets Canada Inc. also participating.

The debentures are being offered exclusively in Canadian provinces on a private placement basis and have not been registered under U.S. securities laws.

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