Date Closed

June 26, 2013

Lead Office

Calgary

Value

250.00 Million CAD

On June 26, 2013, Union Gas Limited completed a C$250 million 10-year medium term note debenture offering. The 3.79% debt, due July 10, 2023, was priced at C$99.966 to yield 3.794% or 128.6 basis points over the Canadian government benchmark.

The investment dealer arm of Toronto-Dominion Bank was the bookrunning manager of the sale.

Union Gas, headquartered in Chatham, Ontario, is a natural gas storage, transmission and distribution company.

McCarthy Tétrault LLP represented Union Gas, the issuer, with a team led by John Osler.